To create an accounting year : go to the menu ” financial ” then  to the tab “exercise” , click on “add” button .

In the new year,  you must complete :

  • The start and the end of the year
  • The title of the year, eg 2016-2017 season

If you want to manage budgets, you must specify account by account the amount allocated in the table “Budget” .

 

Report preceding year :

At the opening of the following year, you must open again each account with the amount it had at the end of last year.

So, you have to add  the deferral of balance on the various accounts you want to initialize .