1. Click on “Accounting” from the main menu.
2. Click on “Accounting Settings”.
3. Click on the card labeled “Financial Periods”.
4. Click on the arrow to the right of the fiscal year you wish to close.
5. Select “Close” from the menu.
6. Set the “End Date” for the new fiscal year.
7. Add the required “Description” for the new fiscal year.
8. Click the “Save” button.