You can set your LivePlan forecast so it reflects either a calendar year or a fiscal year. When you set your forecast start date to January, LivePlan will automatically create a calendar year forecast, with each year running from January through December in the same year.
When you set your forecast start date to a month other than January, LivePlan will create a fiscal year structure. In that structure, each year will run 12 months from its start date. For example, if you start a forecast in October 2020, the fiscal year would run from October 2020 through September 2021.
When you have a fiscal year forecast, the fiscal years are labeled according to the year in which they end. Using the previous example, with a forecast starting in October 2020, the fiscal year would end in September 2021, and that would label it as Fiscal Year 2021. All financial statements and tables will display that year as "FY2021," as shown below:
You can change an existing forecast from a calendar to a fiscal year, and vice versa, any time. For more details on what happens when you change the start date of your forecast, read Changing the start date of your forecast.