FinPOWER EOY Processing

End Of Year Processing

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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:
  • Tools
  • Global Options
  • Calendar
    • 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.
finPOWER EOY Opening
 
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Closing a Financial Year

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Stage Two - Closing a Financial Year 2019
Following the completion of your loans and postings for the 2019 financial year, you need to close your calendars.

In finPOWER go to:
  • Tools
  • Global Options
  • Calendar
    • Check the "CLOSED DATE" and change to 01/04/2019
    • Check the "OPEN DATE" and change to 31/03/2020
  • Click Apply and OK
This ensures that you can post from 1 April 2019 to 31 March 2020

The last month of the previous financial year is still open for adjustments.

finPOWERDates2019

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