Financial years


In this support article you will learn how to create and close financial periods (Financial years).

Financial years are used to ensure that no more changes can take place in a closed financial period. You close them after you have done the audit and declaration for that year.

After you close a financial year, you cannot make a financial change to the fiscal year. You can reopen the financial year if necessary.

Create a financial year

To close a financial period you need to create a fiscal year. To do this, go to Financial years. Click on '+New' to create a new financial year. Enter the starting month for which you want to create the financial year.

If someone wants to make a mutation to a financial fact that falls in the closed financial year or if someone wants to add a financial fact this is not possible and they will be notified.

Edit, delete, re-journalize and view financial years

To get an overview of the financial years already created and make changes to them, go to the Financial years in Booking Experts. Here you can modify, delete and rejournalize the financial years.


Editing Financial years

To edit the financial year, click on the start date of the financial year. Here you can edit the respective fiscal year in terms of dates. Here you can also indicate whether or not the fiscal year is closed. (This is only indicated if the period is in the past).


Delete financial year

To delete the fiscal year, click on the start date of the corresponding fiscal year. Here you have the possibility to delete the financial year. Here you only delete the defined period and therefore not the journal entries of that period!


Re-journalizing financial years

It is possible to rejournalize a financial year that has not been closed. This allows you, for example, when you have made a change in the financial institutions, to apply this change also to the previously closed financial year (you must first open it).

To open the financial year in question, click on the start date of the financial year. Click Journalize to have the journal entries generated again.


View financial years

All financial statements have the financial years visible in the filtering, so you can view data per calendar year or (when working with a broken financial year) per financial year.

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