New Accounting Year

View - Settings - Accounting

The accounting year is created within the program. It is often practical to create the new accounting year in good time, and at latest before you begin to make entries for the new year.

When there are only two months remaining until the accounting year is over, you will receive a reminder regarding this and be asked if you wish to create a new accounting year. If you answer Yes to this question the system will create the new accounting year for you.

Active Accounting year: Under View - Settings - Accounting, you can view and change the active accounting year in the drop-down list on the top right-hand side of the screen. Here you can also view which accounting year has been created.

Tip! If you have created an accounting year with the incorrect number VAT period, you can edit this in the Periods tab under the accounting settings. This must be done before you have begun using the accounting year.