Fiscal Years
Fiscal Years define your church's accounting periods. They determine the date ranges used for financial reporting and budgeting.
Accessing Fiscal Years
Navigate to Stewardship > Setup & Configuration > Fiscal Years in the sidebar.
What is a Fiscal Year?
A fiscal year is the 12-month period your church uses for financial accounting. It doesn't have to match the calendar year. Common church fiscal years include:
Calendar Year -- January 1 to December 31
July Fiscal Year -- July 1 to June 30
October Fiscal Year -- October 1 to September 30
Fiscal Year List
View all fiscal years with:
Fiscal Year Name (e.g., "FY 2026", "2025-2026")
Start Date and End Date
Status (Open, Closed)
Creating a Fiscal Year
Click Add Fiscal Year or Create New.
Fill in:
Name -- A descriptive name (e.g., "FY 2026")
Start Date -- First day of the fiscal year
End Date -- Last day of the fiscal year
Click Save.
Managing Fiscal Years
Closing a Fiscal Year
When a fiscal year ends:
Ensure all transactions for the period have been recorded.
Run and review financial reports (Trial Balance, Income Statement, Balance Sheet).
Make any necessary adjustments.
Close the fiscal year -- This prevents further modifications to that period's transactions.
Important: Closing a fiscal year is typically irreversible. Make sure all entries are finalized before closing.
Opening a New Year
Create a new fiscal year before the current one ends so you can begin recording transactions for the new period.
Best Practices
Create fiscal years in advance -- Have the next year set up before the current one ends
Don't leave gaps -- Ensure fiscal years are consecutive with no missing periods
Close years promptly -- Close the prior year once all entries are finalized
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