#Accounting Years

Accounting years (fiscal years) organize your financial records into periods for reporting and compliance.

#Statuses

Note: Only one accounting year can be open at a time.

#Creating an Accounting Year

1. Go to Finance → Accounting Years
2. Click New Accounting Year
3. Set the Start Date and End Date
4. The year is created with "Open" status

#Managing Accounting Years

#Viewing

The table shows:

• Start and end dates
• Status
• Number of transactions

#Closing a Year

When a fiscal year ends:

1. Open the accounting year
2. Click Close Year
3. Confirm the action

What happens when you close:

• No new transactions can be added
• Account balances are frozen
• Retained earnings are calculated
• Balance-carrying accounts are prepared for the new year

#Reopening a Year

If you need to make corrections:

1. Open the closed accounting year
2. Click Reopen Year
3. Confirm the action

Warning: Reopening should only be done when necessary, as it affects year-end figures.

#Transactions

View all transactions for an accounting year in the Transactions tab.

#Deleting an Accounting Year

Only accounting years with no transactions can be deleted.