Manage

Financial Years

Open and close financial years that books and reports depend on.

Flowchart

flowchart TD
  A[Select company] --> B[Open Financial Years]
  B --> C[Create FY period]
  C --> D[Activate for work]
  D --> E[Products post into that FY]

Flowchart: Financial Years workflow flowchart for Manage. Enable JavaScript to view the interactive diagram, or follow the numbered steps below.

Steps

Select the company, then open Financial Years.
Create the financial year period your books will use.
Activate the FY that daily work should post into.
Confirm Smart Books and related products show the same FY.
Open a new FY when the next accounting period begins; keep prior years for history.