Purpose
Fiscal year management structures the financial year into periods and offers the option of protecting completed periods and years from change.
Steps to create
Open Settings > Organisation > Active company > Financial years.
You will see an overview of the years created. Click on Add.
The start, end and posting periods are automatically copied from the previous year.
Save your entries.
Tip:
Create the next financial year early.
It can remain closed until you need it.
Asset accounting requires a financial year on the current date, but it does not have to be open.
Period switch
It is mandatory to leave the setting at "Monthly" if you use asset accounting.
The "Quarterly" and "Fiscal year" options are only visible for historical reasons.
You can also select quarterly and annual payments directly in the reports (e.g. advance VAT return).
Closing periods
Create additional closing periods if required.
Assign a unique name (e.g. "Postings 2023 StB").
You can only use closing periods if you enter the last day of the financial year as the posting date.
The Special period field then appears for selection in the posting screens (e.g. batch postings).
Please note
Postings in closing periods do not appear in the advance VAT return.
They are also not displayed in intra-year or date-related reports.
Important for the following year
Scopevisio works across all years.
There is no function for carrying forward balances - balances are carried forward automatically.
Open the first period of the new year in good time so that recurring entries can be made.
Keywords:
#fiscal year #create #period management #closing periods #asset accounting