Fiscal Years

Article Contents: This article covers creating new fiscal years, adding past years, and setting up use tax codes, terms, payment types, and vendor types.

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Step-By-Step:

As part of the Year-End Procedures, you will need to create a new fiscal year.

Step 1: Go to Company Setup, Fiscal Years, New:

Step 2: The periods will automatically generate. If you need to add a past fiscal year, enter the year and “Propagate Year”. Save and Close to add.

Step 3: New Use Tax codes, Terms, Payment Types, and Vendor Types can also be added under System Setup:

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