Topic: How to setup fiscal year in broken months?

Dear all,

Iā€™m going to setup FA in the month of September, 2020.

I supposed to use fiscal year from January to December every year. Now would you please someone let me know how can I add my existing accounting balance in the system?

Thanks in advance.

Re: How to setup fiscal year in broken months?

You can create fiscal from Jan to Dec and 
Enter your existing account balance on 31 August in Journal Entry.

Re: How to setup fiscal year in broken months?

Thank you for sorting this out.

Re: How to setup fiscal year in broken months?

You are welcome