How to Create a Fiscal Year

 

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Creating a new fiscal year in MKG is the first step to ensure a smooth fiscal year transition. This action is mandatory. Also, create a new fiscal year if you do not maintain the financial administration in MKG. This is desirable for time registration and for the purpose of year-dependent document numbering.

 

Automate the logistical sequence numbering For various processes, MKG has number sequences that may or may not be fiscal year-dependent. You can automate the logistical sequence numbering, so you do not have to enter it manually every year. Execute this action before creating the new fiscal year. This article explains how to automate the logistical sequence numbering.

 

 

Step 1: Select the administration

 

You create fiscal years per administration. You manage the fiscal years of your administrations within the Administrations module. Search and select the correct administration on the module's homepage.

 

 

Step 2: Check which fiscal years are available

 

You arrive at the 'General' tab of the administration. In the lower left corner of your screen, check which fiscal year is active and which fiscal years are available for this administration. If the new fiscal year is not available, you can create it.

 

 

Step 3: Create a fiscal year

 

To create a new fiscal year, click Create Fiscal Year

. The 'Create Fiscal Year' window appears. The fields Administration and Fiscal Year are filled in. Check that you are creating the correct fiscal year and click OK. The new fiscal year is now created for this administration. In the lower left corner of your screen, you can see that the created fiscal year has been added.

 

 

Error message?

If an error message appears when creating a fiscal year, after resolving the error(s), the fiscal year must be recreated or, depending on the error, the already created fiscal year must be updated. If in doubt about the message, it is advisable to contact the MKG Helpdesk. See also: Error Messages when Creating and Updating a Fiscal Year.

 

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Please note! You open fiscal years per administration. If you use more than one administration, you must execute this action for each administration.

 

Fiscal Year Transition Checklist During a fiscal year transition, actions still need to be executed in modern administrative systems that occur only once a year. These actions raise questions, or worse, are not executed at the most appropriate time. To prevent these questions and to ensure the fiscal year transition runs as smoothly as possible, the Fiscal Year Transition Checklist is intended for those coordinating a fiscal year transition with MKG software. Or go directly to one of the following items: How to Authorize Users for a Fiscal Year How to Check the Period Division How to Update Financial Sequence Numbers How to Update Logistical Sequence Numbers Automatic Batch Processing during a Fiscal Year Transition