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
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,