Creating a new fiscal year
To create a new fiscal year, click the “Fiscal Year” button. This will bring up a screen where you can create one or several fiscal years for the current ledger type, or for other types of manual ledgers of the company.
Opening a fiscal year
When a fiscal year becomes available, the status is set to not open. The fiscal year grid has a status column that indicates whether each fiscal year is open, not open, or closed. You can open one or more fiscal years for the current ledger and for other company ledgers that have the same date range.
Fiscal year closing
You cannot directly close a fiscal year of a ledger type in this function. To close a fiscal year, each ledger-type period constituting the fiscal year must be closed too. Therefore, the fiscal year closing is carried out by a specific function at the fiscal year-end.
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