Set your financial year

Your financial year start decides which dates “this year” covers on reports, and the periods you close at year-end. It doesn’t touch your document numbers — quotes and invoices carry on numbering from one year to the next.

Who can do this

Only Owners.

1. Open Settings › Financial year — Open your user menu, choose Settings, and pick Financial year under Money & tax.

2. Pick the start date — Under Financial year starts on, choose the Month and the Day. For example, 1 April for India, 6 April for UK tax years, 1 July for Australia, or 1 January.

3. Press Save — A “Saved” message appears.

Settings, Financial year: Financial year starts on, with Month and Day pickers and Save

What changes

• Report defaults follow the new year from the next year boundary. You can still pick any dates on a report.
• Document numbers never reset. “Document numbers never reset.” Your invoice after INV-0420 is INV-0421, whatever the date.
• Closed periods stay closed. Changing the year start doesn’t reopen or move a period you’ve closed. See Close or reopen a period.

Tip

Your opening balances’ cutover date starts at the beginning of your current financial year. If you’re moving from another system, set the financial year first. See Enter your opening balances.