Financial Year Just Completed |
This field displays the financial year that you've completed. This field is for your information only and can't be changed. If you haven't made all your accounting entries in this year, click the Cancel button and make those entries before continuing the process of starting a new year. |
New Financial Year |
Enter the new financial year in this field, or accept the default year. |
The Last Month of the New Financial Year |
If you wish, you can use a last month in the new financial year that's different than the month you used in the previous financial year. Select the different month from this list. If you change your financial year structure, consult an accountant about reporting requirements for "short" financial years. |
Number of Periods in New Financial Year |
If you wish, you can use a number of periods in the new financial year that's different than the number of periods in the previous financial year. Select the different number from this list. You can change from 13 to 12 periods only if you didn't enter transactions in the previous financial year's 13th period. |
Cancel button |
Click this button to close this window and stop the process of starting a new financial year. |
Continue button |
Click this button to continue the process of starting a new financial year. |