Managing the fiscal year

As an administrator, you can create/close a fiscal year; and/or close or open a financial period in NexOne Office.

For that, follow these steps:

1.Select Accounting > Fiscal Year

Open

2.Choose the fiscal year you want to work on, and click on the pencil

Open

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

**Note: You may have to make regularization entries before closing your year. If so, click Year-End Scriptures and follow the steps

To create a new fiscal year, you can click Create; fill in the fields then Save and close