Fiscal Year
Go to: Financials → Setup → Fiscal Year
Create the fiscal year before entering financial transactions. It controls which dates users can select for posting and which period appears in financial reports.
Add the year
Click Add Fiscal Year. Enter a clear name, Start Date, and End Date.
Set availability
Turn on Is Active so users can select the year. Turn on Is Current when this is the organization’s present working year.
Save
Save the record, then confirm it appears in transaction and report filters.
| Field | Meaning |
|---|---|
| Fiscal Year Name | Name users see in lists and filters |
| Start Date | First day included in the fiscal year |
| End Date | Last day included |
| Is Current | Preferred year for current operations and filters |
| Is Active | Makes the year available for use |
Do not create overlapping fiscal years. Confirm the dates before users begin posting because changing a year later can affect filters and period controls.
When the year is complete, follow the Period Closing Voucher checklist. Reopen a closed year only through the authorized reversal process.