Fiscal Years
The fiscal year is the reference period for preparing annual accounts.
Introduction
A fiscal year generally corresponds to the school year (September to August for educational institutions). It serves as a time frame for recording transactions and preparing financial statements.
Creating a Fiscal Year
To create a new fiscal year:
Click on 'New Fiscal Year'
Define start and end dates
Activate the fiscal year to make it operational
Fiscal Year Management
Management features:
Activate a Fiscal Year
Only an active fiscal year can receive new entries.
Switch Fiscal Years
Easily switch from one fiscal year to another for viewing or entry.
Closing a Fiscal Year
Closing marks the definitive end of a fiscal year:
Verify that all accounts are balanced
Generate final financial statements
Close the fiscal year (irreversible action)
Balances are automatically carried forward to the new fiscal year
Next Steps
Continue configuration:
