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1.Select Accounting > Fiscal Year
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2.Choose the fiscal year you want to work on, and click on the pencil
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3.Once the details of a fiscal year is opened:
Click on the open padlock to close the period
Click on the lock close to open a period
4.Click Close Fiscal Year
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End of year entries must be made before closing the year |
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**Note: You may have to make regularization entries before closing your year. If so, click Year-End Scriptures and follow the steps
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To create a new fiscal year, you can click Create; fill in the fields then Save and close
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