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Fiscal year change
Fiscal year change
Before the end of the current financial year, you have created a new financial year and may be wondering what you need to do to update the balances in the new year.
The simple answer: nothing really, because Scopevisio is a cross-year system.
There is no function to carry over balances. All changes in one year are immediately and automatically reflected in the balances of the following years.
There are therefore also no year-end opening entries against balance carryforward accounts.
Make sure you open the first period of the new year shortly before it begins so that all recurring entries can be made.
Asset accounting also requires a financial year as at the current date.
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