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"Legal entities with accounting" organization types must have a fiscal calendar assigned while rest of organization types can inherit it from its parent.
A calendar contains years and the periods of each year required to get an accurate organization's accounting practice.
The fiscal calendar window allows to create and maintain the organization's fiscal calendar.
Year tab allows to create as many fiscal years as required within a fiscal calendar.
The period tab lists all the periods of a year.
Full list of Fiscal Calendar window fields and their descriptions is available in the [Fiscal Calendar Screen Reference](/Screenshot/Fiscal_Calendar).