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Accounts, Set-up Financial Year

Starting from the “Accounts Menu”…

  • Click the “Set-up” button
  • If it’s not already in front of the others, click the “Financial year” tab
  • Enter any start date (e.g. January 1st, April 5th, etc). The system will automatically set its “months” to go from then to the day before that date, one month later (e.g. Jan 1st to Jan 31st, April 5th to May 4th, etc)
  • The first year for which your system will retain nominal account totals will be displayed see “Accounts, Set-up Accounts Sets”)
  • The last year for which your system will retain nominal account totals will be displayed (typically the current year, or that plus a few extra). Click the “Add year” button to increase this.
  • Changing the Financial Year Start

    If you change the financial year start after having entered any accounting transactions you must also rebuild your nominal account monthly totals. To do this…

  • Click the “Signpost” button
  • Select “Rebuild”
  • Select “ Trail & totals from ledgers”