You can set up fiscal year by following the steps given below. By default, the  CRM fiscal start month is set to January. You can also specify the fiscal year name based on the start or the end month. For example, let's say your fiscal year starts in April 2010 and ends in March 2011. If you choose the fiscal year to be based on the start month, the year name will be displayed as 2010 (wherever applicable) and if you choose the fiscal year to be based on the end month, the year name will be displayed as 2011.

To set up fiscal year

1. Log in to CRM with Administrator privilege.
2. Click Setup > Organization Settings > Fiscal Year.
3. In the Fiscal Year page, select the Fiscal Start Month from the drop-down list.
4. Choose Start Month or End Month to specify if the fiscal year name should be based on the start or the end month.
5. Click Submit.

• The new as well as the existing Forecast records
• The settings configured for Financial year and Financial Quarter in Reports and Dashboards