From Fiscal years, Overview in Control panel, Settings, you can add and edit fiscal year details, such as descriptions, number of periods, and start and end dates.
Warning: Prior to adding your first fiscal year, we recommend you consider any previous years that need to be accounted for in your system, since fiscal years must be defined in ascending order. You can add unlimited fiscal years as long as you add the older years first (For example, you cannot add fiscal year 2018 and later add 2017).
You can add a fiscal year in two ways:
Under Current fiscal periods, select New fiscal year from current. This adds a fiscal year based on the current fiscal year.
Under Manage all fiscal years, select Add fiscal year.
Enter a unique ID and description, and select the number of periods for the fiscal year.
To copy periods from an existing fiscal year, select Copy from, select a fiscal year to copy, then select Apply.
To automatically complete the periods based on the previous fiscal year, select Auto-Complete.
In the Start date and End date fields, enter the beginning and ending dates of your fiscal periods.
Select Closed for any fiscal periods you want to close.
After you enter you enter details for the new fiscal year, select Save.
When you add a new fiscal year, it may be helpful to simply copy periods from an existing fiscal year and apply them to your new fiscal year. To do this, under Manage fiscal years, select Copy into new from its menu or select Copy from when adding a new fiscal year.
You can edit a fiscal year in several ways:
Under Current fiscal periods, to edit the current fiscal year, select Edit this fiscal year, adjust the information as necessary, and select Save.
Under Current fiscal periods, to edit the previous fiscal year, select Edit previous fiscal year, adjust the information as necessary, and select Save.
Under Manage fiscal years, to edit a fiscal year, select Edit from its menu , adjust the information as necessary, and select Save.
Under Manage fiscal years, to remove a fiscal year, select Delete from its menu , then select Yes when prompted.
Note: You can only delete the most recent, open fiscal year with no activity.