Standard ERP has a multi-year database: it can contain accounting transactions from more than one Fiscal Year. You must add a Fiscal Year to the list in this setting before you can post transactions to it. Each year must have a Code, and can be between 6 and 18 months in duration.

You should always list your Fiscal Years in chronological order as shown in the illustration below. You cannot insert new Fiscal Years at the top of the list, or remove old Fiscal Years. You should not make any changes to a Fiscal Year once you have posted a transaction to it.

The Code will be used as a prefix for the Transaction Numbers of the Transactions that you enter directly to the Transaction register in the Nominal Ledger. For example, referring to the illustration below, Transaction 1382 dated during 2023 appears as "2023.1382" in the 'Transactions: Browse' window:

If you need to produce a report in the Nominal Ledger in which you want to report on a range of Transactions, you should include the Fiscal Year prefix in the range. For example and referring to the illustration above, reporting on the range "2023.1377:2023.1382" would result in a list of the Transactions from May 2023.

You cannot post a transaction if it has a date that is outside the Fiscal Years listed in this setting. For this reason, it is recommended that you only add Fiscal Years one at a time as you need them as this will prevent you accidentally saving transactions in future years. Use the Locking setting in the System module to prevent accidentally posting transactions to past years.

By default you can enter 30 Fiscal Years in the Fiscal Years setting. If you need more, select the More than 30 fiscal years option on the 'Unsupported' card in the Optional Features setting in the System module.

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