To manage business fiscal year, you go to Tools ==> Manage FIscal Year. Here you see all fiscal year under your account book. Most of you might misunderstand the current year check mark.
The example above shows the account book’s current year was 2014. All transaction include opening balance fall on 1st Jan 2014. Any previous fiscal year is consider as past transactions.
Most user of UBS software will ask how to do year end closing. In AutoCount, you do not need to do year end closing to continue or move on to new fiscal years. However, you may choose to run Year End Closing for the following reasons:
– to reduce the size of a particular account book (as all old data will be purged from the account book)
– to change current fiscal year