[GL] How to Open New Fiscal Year

You must create a new fiscal year before you can:

• Open new GL batches

• Post transactions

• Enter budgets for the new year

Note: You can still post to the prior year until its periods are closed.

Steps

1. Go to GL Fiscal Years
   General Ledger > Programs > GL Fiscal Years

2. Click New / Add

3. Enter the Fiscal Year

   • Use the 4-digit year (e.g., 2026)

   • This year is used for GL processing and reporting

4. Set Start and End Months

   • Start Month: e.g., 1 (January)

   • End Month: e.g., 12 (December)

   • Fiscal years cannot overlap

5. Save

Important Notes

• The new fiscal year is now available for:

  • Posting transactions

  • Creating GL batches

  • Entering budgets

• Once budgets or beginning balances are entered, the fiscal year cannot be deleted

• Always double-check dates before saving