Forum Message

New Financial Year

When one has come to the end of a Financial Year ie: 05/04/2011, how do you start the next Financial year. Do you just carry on then when it comes to 05/04/2012 just configure to the relevant dates when Printing off the necessary reports.

Thank you


norman F White


Posted by Norman F White on Jul 9, 2011 1:48 PM BST

Hi Norman,

Once you have entered all the transaction for your financial year (ie. a few weeks into the new year) click menu Setup > Financial Year > Start a new financial year. This will reset the balance of the income and expense accounts to zero.

Regards,


Posted by Mark McLaren (Solar Accounts) on Jul 9, 2011 4:58 PM BST