> For the complete documentation index, see [llms.txt](https://smartbooks.gitbook.io/smartbooks-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smartbooks.gitbook.io/smartbooks-docs/faq/i-have-an-entity-with-a-broken-book-year.-how-does-smartbooks-handle-this.md).

# I have an entity with a broken book year. How does Smartbooks handle this?

Smartbooks supports entities with a **broken (non-calendar) book year**. Each entity can use its own fiscal year structure, and reporting periods will follow that entity’s book year.

However, for **consolidated reporting**, all participating entities must use the **same reporting periods**. This means that, within a consolidation, entities need to be aligned on the same fiscal calendar to ensure consistent and comparable results.