Tip of the Week May 16, 2016

Fiscal Year, Calendar Year, and YTD Statistics

Your organization may have a Fiscal Year (also sometimes called a Budgetary or Financial Year) that differs from a standard Calendar Year. While a Calendar Year is measured from January 1st to December 31st each year, a Fiscal Year may begin on the first day of any specific month, and end on the last day of the preceding month in the following year.

Setting your Volgistics Fiscal Year is important to ensure the accuracy of Statistics, Service Summary Reports, and Award criteria in your Volgistics Account. In Volgistics, “YTD” statistics always refer to your organizations’ Fiscal Year-To-Date, or the elapsed period in your current Fiscal Year. Such statistics are used for award and report ranges, and appear on the ‘Core‘ tab of volunteer records, the ‘My Service History‘ tab of VicNet, and the ‘View my service‘ page of VicTouch.

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