Change the Active Fiscal Year
Change the Active Fiscal Year
Overview
This guide will help you make an existing fiscal year active after confirming that current operations are ready for the change.
Muhasib updates active-year status and may deactivate the prior year. The source does not prove that already-open forms immediately reload the new context.
Who can do this
You need access to Fiscal Year and Fiscal Year Update.
Before you start
Close or save transactions, identify open working periods/registers, compare and confirm the prior year, and confirm the approved effective date with the financial administrator.
Where to find it
Back Office → Essentials Setup → Manage Fiscal Year.
Change the Active Fiscal Year
Step 1: Select the intended fiscal-year record
Step 2: Verify its Start Date and End Date
Step 3: Turn Currently Active on
Step 4: Choose Update and confirm the save
Step 5: When warned that another year is active, confirm only when
When warned that another year is active, confirm only when the switch is intentional.
Step 6: Reopen affected transaction/report forms or restart if required
Check your work
Confirm only one intended year is active, then run approved date-filtered reports and a non-posting check test.
If something goes wrong
- Do not change year merely to enter an out-of-period transaction.
- If transactions remain on the old context, close/reopen forms and follow restart guidance.