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Hi Neha,As per your question, you are going to use custom FY.Considerations:After you enable custom fiscal years, you can’t disable the feature. However, to revert to standard fiscal years, you can define custom fiscal years that follow the same Gregorian calendar structure as the Salesforce standard fiscal years.Enabling or defining custom fiscal years impacts your forecasts, reports, and quotas.- When you define the first custom fiscal year, all existing forecasts, forecast history, and forecast adjustments from the year’s first period forward are deleted. Forecasts for periods before the first custom fiscal year are not deleted and can be accessed as usual.- When you define a new custom fiscal year, any existing forecasts, forecast history, forecast adjustments, and quotas for the corresponding standard fiscal year are lost.Reference article: https://help.salesforce.com/articleView?id=sf.admin_about_cfy.htm&type=5You can still have a data backup to check the configuration of the custom fiscal year:https://help.salesforce.com/articleView?id=sf.admin_exportdata.htm&type=5I am posting a couple of documents to have this more clarified for you:https://salesforce.stackexchange.com/questions/166565/change-fiscal-year-is-based-on-setting-impactshttps://help.salesforce.com/articleView?id=000325037&language=en_US&mode=1&type=1Please go through the documents and if you still have an issues please raise case with salesforce support.If this answer is helpful.. please mark this as a best answer for future referenceThank you!!