I have completed one financial year with Solar and found it easy to use. However as I enter a new financial year do I simply carry on entering the invoices/purchases as before using the existing file or do I need to set up a new business file?
Hi Richard,
You should continue with the same file. Once you have entered all your transactions for the financial year (ie. a few weeks into the new year) click menu Setup > Financial Year > Start a new financial year. This will create an end-of-year transaction that resets the balance of the income and expense accounts to zero.
Regards
