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Accounting

How do I create a fiscal year?

Set up the year entries post into.

You will have twelve periods ready for posting.

Before you start

You need the write permission.

Steps

  1. Open Fiscal Years and press the add button.
  2. Choose the calendar, a label and the start and end dates.
  3. Save.

What you will see

The year appears Open; expand it to see twelve monthly periods.

If something goes wrong

  • Periods are calendar months from the start year, so a July-to-June year does not fit.
  • Overlap with another year is refused.
  • Without any year, the first posting creates a calendar year automatically.

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