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Fiscal years
Review the annual result and manage closing, reopening and boundaries of open fiscal years.
A fiscal year groups postings for annual reporting and result. Closing prevents ordinary changes in that period, so it is the endpoint of your own substantive review rather than an automatic confirmation that everything is correct.
Step by step
- 1Open Fiscal years and choose Closing check for the oldest open fiscal year.
- 2Review revenue, expenses, result, reconciliation and every displayed blocker and warning.
- 3Compare the balance sheet, profit and loss, open items and required returns with the underlying records.
- 4Close the fiscal year only after its end date and when the reconciliation balances. Boekhouden does not automatically post the result to a reserve or capital account.
- 5After password confirmation, reopen only the newest closed fiscal year if a correction is genuinely required. Review and close it again afterwards.
- 6Change the start or end only for the first or last open fiscal year; move a boundary between adjacent open years using Change fiscal year boundary.
What is on the screen?
- Result for the fiscal year
- Results from previous fiscal years
- Blockers and warnings
- Open or closed status
- Start and end date
What happens next?
A closed year remains readable but is protected from ordinary changes. Reopening and correcting recalculates the result. Ask an accountant to review the final close when valuations, tax items or result allocation are uncertain.
Continue reading
Administration activity
Review who performed important access and management actions within an administration.
Read guidance →Opening balance
Bring existing assets, liabilities and equity into balance once at the starting point.
Read guidance →Reports
Choose a trial balance, balance sheet or profit and loss report from the question you need answered.
Read guidance →