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Fiscal year settings

Settings → Fiscal Years lists each fiscal year with its period, net income and status, and the Lock, Unlock, Preview & Close and Reopen actions.

The Fiscal Years settings
  • The start month is set in Settings → Business Profile → Financial year starts in; years are created automatically from it.
  • Open — postings allowed. Locked — postings blocked. Closed — net income swept to retained earnings; reopen to change.

Full guidance on locking and year-end closing: Fiscal years, locking and closing.

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