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How to create a fiscal year

How do you create a fiscal year? MKG entries are subdivided into fiscal years. A fiscal year contains many fiscal year-dependent tables that are automatically filled for the new fiscal year when you create a new fiscal year from a current fiscal year. In this article you can read how to create a new fiscal year.

 

Creating a new fiscal year in MKG is the first step you take to ensure a successful fiscal year transition. This action is mandatory.

 

A new fiscal year must be created because entries in MKG are divided into fiscal years. A fiscal year contains many fiscal year-dependent tables. These tables are automatically filled for the new financial year, if you create a new financial year from a current financial year.

You create a fiscal year using the module Administration maintenance, via MKG System. You open fiscal years per administration. If you use more than one administration, you must perform this action for each administration. The time to create a fiscal year depends on the size of the database.

After clicking on Create fiscal year, MKG asks if you want to open a new fiscal year. Fiscal years can only be created on a rolling basis.


Administratie onderhoud


If an error message appears when creating a fiscal year, the fiscal year must be re-created after the error(s) have been resolved or - depending on the error - the already created fiscal year must be updated. In case of doubt about the report, it is advisable to contact the MKG Helpdesk. Also see: Error messages when creating and updating fiscal year.

 

 

Checklist Fiscal Year Transition | To be able to properly implement all adjustments in MKG for a fiscal year transition, we have compiled a handy checklist.
Or go directly to one of the following items:

 

error messageadministrationfiscal yearcreatefiscal year transition