I'm going to input last few years records into Solar Accounts, How about Financial years,
Do I need change it?
Does Solar account simply record all of these as a book keeping?
Hi John,
Strictly speaking you don't need to change the financial year to enter transactions for previous years - Solar Accounts will still produce useful reports such as Profit and Loss, Balance Sheet and Outstanding Invoices. However, if you don't change financial years then there will be no end-of-year transaction (which reduces the balance of the income and expense accounts to zero). If you want the income and expense account balances to be zero at the start of each financial year:
1. Click menu Setup > Financial Year > Edit the current financial year.
2. Enter the start date of the first financial year and click OK
3. Enter the financial transactions for that year
4. Click menu Setup > Financial Year > Start a new financial year
5. Enter the financial transactions for the second year
...and repeat for each year.
Regards,
