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. Create a new fiscal year even if you do not manage your financial administration in MKG. This is recommended due to time registration and year-dependent entry numbering.

 

Automate the logistical sequence numbering For various processes, MKG uses number sequences that may or may not depend on the fiscal year. You can automate the logistical sequence numbering, so you do not have to enter it manually each year. Execute this action before you create the new fiscal year. In this article you will learn how to automate the logistical sequence numbering. In this article, you will learn how to automate the logistical sequence numbering.

 

 

Step 1: Select the administration

 

You create fiscal years per administration. You can manage the fiscal years of your administrations within the Administrations module. Search and select the correct administration on the module start page.

 

 

Step 2: Check which fiscal years are available

 

You arrive at the 'General' tab of the administration. At the bottom left of your screen, you have to 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 on Create fiscal year

. The 'Create Fiscal Year' screen appears. The Administration and Fiscal Year fields are filled in. Check if you are creating the correct fiscal year and click OK. The new fiscal year is now created for this administration. At the bottom left 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, and you have resolved the error(s), the fiscal year must be created again, or - depending on the error - the already created fiscal year must be updated. In case of doubt about the message, it is advisable to contact the MKG Helpdesk. See also this article for more information.

 

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

 

Fiscal Year Transition Checklist During the execution of a fiscal year transition, modern administrative systems still require actions that only occur once a year. These actions raise questions, or worse, are not executed at the most suitable moment. To prevent these issues and ensure the fiscal year transition goes 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 adjust the financial sequence numbers How to adjust the logistical sequence numbers Automatic batch processing during a fiscal year transition