End of Year Processing

Stage One - Opening a New Financial Year 2022
Prior to the beginning of April (for financial year ending 31/03/2022), a new financial year will need to be opened, below are instructions on how to do this.
In finPOWER Connect go to:
- Admin
- Entities
- Click on the binocular icon and select the entity by clicking on the 3 dots
- Select the edit (pencil icon)
- Select Accounts page
On both the Account Opening Date and Transactions calendars:
- Check the "BEGIN DATE" and change to 01/03/2022
- Check the "END DATE" and change to 31/03/2023
- Select the Save disc and save changes
This ensures that you can post from
1 March 2022 to
31 March 2023.
The last month of the previous financial year is still open for adjustments.

This needs to be done for all entities.
