Stage One - Opening a New Financial Year 2021
Prior to the beginning of April (for financial year ending 31/03/2020), a new financial year will need to be opened, below are instructions on how to do this.
In finPOWER go to:
- Global Options
- Check the "CLOSED DATE" and change to 01/03/2020
- Check the "OPEN DATE" and change to 31/03/2021
- Click Apply and OK
This ensures that you can post from 1 March 2020 to 31 March 2021.
The last month of the previous financial year is still open for adjustments.