Years
The year forms the time frame for accounting periods and financial statements. A clean annual system prevents gaps, overlaps and incorrect period allocations.
years
The year forms the time frame for accounting periods and financial statements. A clean annual system prevents gaps, overlaps and incorrect period allocations.
Why this point is crucial for key users
What simply looks like a number is the anchor for all periodic evaluations. The key user ensures that this anchor is set clearly and proactively.
Fields and settings at a glance
- Year: Four-digit year number used as the identity of the fiscal year; after saving it is locked.
How to prepare for the process safely
- Check which fiscal year is needed next.
- Enter the four-digit year number and save consciously.
- Then create the posting periods using the wizard.
Check before sharing
- The year exists exactly once.
- The previous and new years are logically consecutive.
- The required periods were assigned to the correct year.
What your team gets out of it
With a correctly created year, each subsequent month-end closing has the correct time slot.
Related topics
- For key users – understand and prepare processes › Financial accounting › New year work › Posting period assistant
- For key users – understand and prepare processes › Finance › New year work › Closing entries
Frequently asked questions
Why is years important for key users?
What simply looks like a number is the anchor for all periodic evaluations. The key user ensures that this anchor is set clearly and proactively.
What needs to be checked before release?
The year exists exactly once. The previous and new years are logically consecutive. The required periods were assigned to the correct year.