How do I create and edit a financial year?

AbaNinja financial years can have an individual term and no longer necessarily have to correspond to the calendar year.

However, for technical reasons and due to some dependencies, the following prerequisites and conditions apply for this.

Prerequisites:

• The selected function is only available with a paid subscription or active Abacus Financial Accounting (AMID).

Conditions / Information:

• Start date is always the first day of the month (e.g. 01.02.2023).
• End date is always the last day of the month (e.g. 30.04.2023).
• Two financial years cannot begin in one calendar year. Each calendar year always ends one financial year and starts another. . 
  • Example: 01.01.2022 to 30.06.2022 and from 01.07.2022 to XY is not possible
• The end date can only be changed for the last financial year.
  
  • Example: Open financial years 2020, 2021 and 2022. The end date can only be changed for the 2022 financial year..
• If a new financial year is opened, it is always initially created from the end date of the previous financial year plus+12 months.
  
  • Example: Current financial year end date 31.01.2022 / New financial year period 01.02.2022 to 31.01.2023..
• It is not possible to "shorten" a financial year if there are already entries in the "period to be shortened".
  
  • Example: Existing financial year 01.02.2022 to 30.04.2023. Entries have already been made for April 2023. Consequently, the end date cannot be shortened to 31.03.2023.
• If a new financial year is opened, it is always initially created from the end date of the previous financial year plus+12 months.
  • Example: Current financial year end date 31.01.2022 / New financial year period 01.02.2022 to 31.01.2023.

• It is not possible to "shorten" a financial year if there are already entries in the "period to be shortened".

  • Example: Existing financial year 01.02.2022 to 30.04.2023. Entries have already been made for April 2023. Consequently, the end date cannot be shortened to 31.03.2023.

• This adjustment has no effect on the VAT periods, which will continue to be based on the calendar year until further notice.