Settings /periodandyear/help/settings section Edit accounting year. Import year-end closing data. Maintain chart of accounts. Change company settings and reconcilication period. 2024-09-02T10:37:53+02:00 # Settings Edit accounting year. Import year-end closing data. Maintain chart of accounts. Change company settings and reconcilication period. Choose the area you want to learn more about. Settings /periodandyear/help/settings/import-data page 2025-04-25T12:17:37+02:00 # Settings You can import accounting data into Period & Year by clicking on the button **Import accounting data** on the start page, or on the page **Settings - Settings**. >[!TIP] >When you import accounting data from **Settings - Settings** you can also choose to **Drag and drop** a SIE, Excel or SAF-T file to start the import.. > This page also shows you the status of the import. When an import is complete, you will see this in the column **Status** in the grid. ## Financial years On the **Financial years** page, all existing financial years for the customer are displayed. Here, you can create, edit and delete financial years. The financial years are created automatically when you import the accounting data. You can edit the start and end date of a financial year by selecting **Edit**. This can be useful for example when the financial year is changed in the ERP system or if the company is to be liquidated. >[!NOTE] Forhåndsfastsetting >If a company is to be liquidated, a preliminary determination can be made in Period & Year. > >This is done under **Settings - Financial years**. Click on the edit pen for the period to be pre-determined, enter the current end date and check the box for the company to be pre-determined. Please note that periods after the specified date will be deleted permanently. > >The date for preliminary determination must be set before opening the Year-end closing period. > >- Start date can be changed for the first financial year > >- End date can be changed for the last financial year > >- If you have only one year you can edit both the start and end date, but not at the same time If you want to delete a financial year, select **Delete**. When deleting a financial year all data connected to that year will be removed. You can only delete the last year. ## Reset accounting data If you need to reset the accounting data, you can do that here. This enables you to experiment and try the different functions of the service freely, and then easily restore the company to the original version without having to set up the company again. When you reset the data all accounting data is deleted and you need to import the original data again from desired import source, such as eAccounting, a SIE4 file or a SAF-T file. Manually added data, for example journal entries, checks or appendices, will be permanently deleted. To reset the data click the button **Reset**. The status can be seen in the grid. Once the resetting of the data is complete, you can import the original data again.

Only users with admin user privileges can reset client data. Read more about User administration.

## Import year-end data from previous year When you start a new year-end closing period, relevant information in **Information and tax**, **Tax forms** and **Annual report** will automatically be imported to the new year. This mainly concerns the outgoing values that are needed for the coming year and relevant information that is reused from the previous year. You can check that the import is complete by clicking on **Activity Log** in the left menu to see that it has status done. If the period has already been started, you can select **Import year-end data from previous year**, **Period & Year** and click on the **Import** button to import relevant information. ## Import year end data from Altinn (New format) You can import year-end closing data from Altinn in Period & Year. This mainly concerns outgoing values ​​that are necessary for the coming year and relevant information that is reused from the previous year. Read more about [Import of historical data on new clients](/periodandyear/help/client/client-companies/startguide-import). Information from the following topics in the tax return and business specification will be imported. Any manually registered data in Period & Year will be overwritten during import. Tax return/Company tax return - Income and deficit - Loss carryforward (Limited company) - Group contributions (Limited company) - Business - Client information/Primary industries (Sole proprietorship) - Business income distribution (Sole proprietorship) - Personal income (Sole proprietorship) - Specification of matters relevant to taxation - Financial products (Limited company and Participant-taxed (ANS, DA, KS etc.)) - Rights to forest property (Limited company and Participant-taxed (ANS, DA, KS etc.)) - Information about tax subject/company with participant determination - Various information, Client information (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Power plant - Hydroelectric plant (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Real estate - Property (Limited company) - Method for avoiding double taxation -Credit deduction (Limited company) - Wealth and income in a company with participant determination - Participant in a partnership (Aksjeselskap mv og Deltakerfastsatt (ANS, DA, KS mv)) - Shipping tax scheme - Shipping company taxation (Limited company) - Limitation of interest deductions within the group and between related parties - Limitation of interest deduction (Limited company and Participant-taxed (ANS, DA, KS etc.)) - Ownership - Participant (Participant-taxed (ANS, DA, KS etc.)) Busienss specification - Specification of fixed asset - Taxable depreciation (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Profit- and loss account (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Use of car (Sole proprietorship and Participant-taxed (ANS, DA, KS etc.)) - Separate fixed assets in hydroelectric power plants (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Fixed assets under construction (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Other specification of balance sheet - Conditionally allocated gain (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Difference between accounting and tax value - Values ​​for temporary differences (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Business - Client information (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Specification of working capital - Accounts receivable (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Goods (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Other conditions - Accommodation and public house (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Taxi and cargo transport businesses (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) - Forestry - Forestry information and timber account (Sole proprietorship) - Aquaculture business - Aquaculture (Sole proprietorship, Limited company and Participant-taxed (ANS, DA, KS etc.)) ### Import from Altinn 1. Import Accounting data. Read more about [Import accounting data](/periodandyear/help/start-page/import). 2. From the start page, start the year-end closing period you want to import to. 3. Go to **Settings - Import data - Import year-end data from previous year**. 4. Select source **Altinn**. 5. Click on the button **Set** to setup your Altinn credentials. 6. Click **OK** 7. Click **Search Altinn archive**.

To search the Altinn archive for company type Sole proprietorship, you also need the proprietor social security number.

8. Select submissions to import and click **Import**. 9. After completed import year-end data from Altinn will be available in **Information and tax**. Read more about [Information and tax for impersonal company category](/periodandyear/help/taxation/impersonal) / [Information and tax for personal company category](/periodandyear/help/taxation/impersonal) / [Information and tax for particiapant taxed company category](/periodandyear/help/taxation/participant-taxed). ## Import year end data from other systems (RF-forms) > [!WARNING] Import from old format (RF-tax forms) > Import from old format is not supported in year-end closing 2024. > > Except information from: > >- Share register - Share classes, shareholders, number of shares and nominal value (if Share Register in Period & Year has not been used previously). >- Housing - Housing information (Condominium flat owner and Housing cooperative). > > Import in new format is only supported with import source Altinn. You can import year-end closing data from other systems to Period & Year. This mainly concerns the outgoing values that are needed for the coming year and relevant information that is reused from the previous year. Read more about [Import of historical data on new clients](/periodandyear/help/client/client-companies/startguide-import). Information from the following tax forms/additional information is imported. Any manually registered data in Period & Year will be overwritten. - RF-1028 - Specification of housing and housing units in housing associations, Forward losses (Limited companies) - RF-1084 - Taxable depreciations (Sole proprietorships and limited companies) - RF-1098 - Property (Limited companies) - RF-1016 - Forest property (Limited companies) - RF-1167 - Goods, Account receivables, Auditor, Accounting office (Sole proprietorships and limited companies) - RF-1175 - Goods, Account receivables, Auditor, client information/Primary industries, Business income distribution (Sole proprietorships) - RF-1122 - Accommodations- and restaurants (Sole proprietorships and limited companies) - RF-1124 - Personal income (Sole proprietorships) - RF-1125 - Use of car (Sole proprietorships and limited companies) - RF-1151 - Power plant owner -- summary for all power plants (Limited companies) - RF-1152 - Specific fixed assets in power generation facilities -- depreciations and upgrades (Limited companies) - RF-1153 -Taxation of hydropower plants (Limited companies) - RF-1177 - Forestry information and timber account (Sole proprietorships) - RF-1206 - Group contribution (limited companies) - RF-1217 - Specification of differences between accounting and tax values (Sole proprietorships and limited companies) - RF-1219 - Profit-/loss account (Sole proprietorships and limited companies) - RF-1223 - Taxi and cargo transport businesses (Sole proprietorships and limited companies) - RF-1359 - Financial products (Limited companies) - Fixed asset register - (Sole proprietorships and limited companies) - Shareholder register - Share classes, shareholders, number of shares and face value (if the shareholder register in Period & Year has not been used before.) - Housing - Housing information (Condominium flat owner and Housing cooperative)

Before you can start an import, you must create the correct accounting year in Period & Year. Read more about Import accounting data.

To import data, go to **Settings - Import data - Import year-end data from previous year**. Read more about [Import of historical data on new clients](/periodandyear/help/client/client-companies/startguide-import). ## Visma Finale (RF-forms) 1. Import Accounting data. Read more about [Import accounting data](/periodandyear/help/start-page/import). 2. From the start page, start the year-end closing period you want to import to. 3. Go to **Settings - Import data - Import year-end data from previous year**. 4. Select source **Visma Finale**. 5. Click on the button to select **Visma Finale Backup file** for import.

The name of the file is on the form ‘EXPnnnnn.ZIP’, where nnnnn is the number of the client in Visma Finale Årsoppgjør. The file is located in the destination folder for the backup files.

6. Click on the button **Import** to start the import.

You can check that the import is complete by clicking on Activity Log in the left menu to see that it has status done.

7. After completed import, year-end data from Visma Finale will be available in **Information and tax**. Read more about [Information and tax for impersonal company category](/periodandyear/help/taxation/impersonal) / [Information and tax for personal company category](/periodandyear/help/taxation/personal) / [Information and tax for particiapant taxed company category](/periodandyear/help/taxation/participant-taxed). ## Visma Total (RF-forms) 1. Import Accounting data. Read more about [Import accounting data](/periodandyear/help/start-page/import). 2. From the start page, start the year-end closing period you want to import to. 3. Go to **Settings - Import data - Import year-end data from previous year**. 4. Select source **Visma Total**. 5. Click on the button to select **Visma Total common file** for conversion.

The name on the file is ‘fellesdata21.twd21’ for import to year-end closing 2022.

>[!TIP] The Visma Total files are located in the client folder of the current client you want to convert. If you are unsure where Visma Total is installed on your machine, you can right-click on the client in the client register and select "Explorer". You will then automatically be navigated to the correct installation area for the client folder to see where the current files are located. 6. Click on the button to select **Visma Total client file** for import.

The name of the file is ’totas21.twd21’ or ’totpn21.twd21’ for conversion to year-end closing 2022.

7. Click on the button **Import** to start the import.

You can check that the import is complete by clicking on Activity Log in the left menu to see that it has status done.

8. After completed import, year-end data from Visma Total will be available in **Information and tax**. Read more about [Information and tax for impersonal company category](/periodandyear/help/taxation/impersonal) / [Information and tax for personal company category](/periodandyear/help/taxation/personal) / [Information and tax for particiapant taxed company category](/periodandyear/help/taxation/participant-taxed). Chart of accounts /periodandyear/help/settings/chart-of-accounts page 2025-04-25T12:17:37+02:00 # Chart of accounts In the clients chart of accounts, you can see which accounts that have been imported into Period & Year, and to which reference account it has been linked. You also set the VAT type and VAT percentage. When adding a new account, the program will suggest the appropriate settings for the account after mapping it to a reference account. > [!NOTE] Mapping of reference account with ERP import > Period & Year automatically suggests linking to a reference account with different priorities depending on whether a client account has been manually created in Period & Year, or whether it is imported from an import source. > >When manually creating a client account in Period & Year, the reference account is linked based on the following priority: > >1. Reference chart of accounts >2. Import source mapping >3. Period & Year mapping > >Read more about [Import of accounting data.](/periodandyear/help/start-page/import) If you wish to change the settings, click on the pen icon in the column **Edit**. ## Alternate placement of accounts Depending on whether they have a credit or a debit balance, certain accounts will be placed as either assets or liabilities in **Year-end closing - Financial statements - Balance sheet**. Those of the company\'s accounts that are connected to any of the reference accounts listed below, will automatically get this alternate placement in the balance sheet by default. | Account | Account name | Alternative reference account | Account name | |----|----|----|----| | 1920 | Bankinskudd | 2380 | Kassakreditt | | 2510 | Betalbar skatt, fastsatt | 1576 | Fordring på skatt | | 2740 | Oppgjørskonto merverdiavgift | 1579 | Tilgode mervediavgift | | 2380 | Kassakreditt | 1920 | Bankinskudd | | 1576 | Fordring på skatt | 2510 | Betalbar skatt, fastsatt | | 1579 | Tilgode mervediavgift | 2740 | Oppgjørskonto merverdiavgift | You can update these settings under **Maintenance - Chart of accounts** by selecting the pen icon for the corresponding row, select the **Alternative reference account** checkbox and set the desired account. ## VAT settings for transaction analysis | VAT type | Description | |----|----|----|----| | Creates output VAT | Accounts that generate output VAT (for example sales). When an account with this setting is in a journal entry, another account with setting **Output VAT** shall also be in the journal entry. The amount on the account with setting **Output VAT** shall be a certain percentage of the amount booked on the account with setting **Creates output VAT**. If 0% is entered, the account is handled as exempt from VAT.| | Creates input VAT | Accounts that generate input VAT (for example purchases). When an account with this setting is in a journal entry, another account with setting **Input VAT** shall also be in the journal entry. The amount on the account with setting **Input VAT** shall be a certain percentage of the amount booked on the account with setting **Creates input VAT**. If 0% is entered, the account is handled as exempt from VAT.| | Output VAT | Accounts defined as output VAT. | | Input VAT | Accounts defined as input VAT. | | VAT reconciliation | A journal entry that includes an account with this setting shall be ignored by the VAT check. When an account with this setting is included in a journal entry, it is not a sale or a purchase, but an accounting entry that always is recorded at the end of the reconciliation period.| | No VAT | **No VAT** is used for accounts with one of the standard VAT types, that should not be included in the VAT check for a particular customer. When **No VAT** is selected, the VAT type is removed.| Company information /periodandyear/help/settings/company-information section 2024-09-30T16:52:08+02:00 # Company information Under **Settings - Company information** you find general information about the customer, such as customer name, customer type and address information. You can also change reporting period here. This is also where you can change selected accounting obligation or edit setting for generating system vouchers.

By disabling the system voucher functionality, all vouchers created by Period & Year will be deleted for the ongoing period.

 Change reporting period /periodandyear/help/settings/company-information/change-reporting-period page 2025-04-25T12:17:37+02:00 # Change reporting period Under **Settings - Company information** you can change reporting period. It is possible to change reporting period from **Monthly**, which is the default option, to **Bimonthly**, **Quarter** or **Four-month period** when working with period closing in Period & Year. Note that the reporting period always is **Year** if you only have activated year-end closing. If that is the case, there are no settings for changing the reporting period under ****Settings - Company information****. How to change reporting periods: 1. Go to **Settings - Company information**. Choose for instance **Bimonthly** under **Reporting period**. 2. Click on **Save**. If the period is ongoing, the change will be valid from the nextcoming two month period. If you, for example, have started January and then change to bimonthly reporting, the change will take effect in Q2, starting in March. When the financial year is equal to the calendar year and bimonthly reporting is selected, the reporting periods will be January-February, March-April, May-June, July-August, September-October and November-December.

Note that the VAT period will be updated accordingly when you change reporting periods.

If you select bimonthly reporting, the VAT period will also be changed to bimonthly (if it is not already selected).

Important

By selecting quarterly or four-monthly period, the menu option VAT & fees will be hidden as these reporting periods cannot always be combined with the VAT periods reported on the client.

If you are working with shortened and broken financial years and select bimonthly reporting, the reporting periods will coincide with the calendar year (January-February, March-April, May-June, July-August, September-October and November-December). Impersonal non-taxable companies /periodandyear/help/settings/company-information/non-taxable-companies page 2024-12-13T07:57:26+01:00 # Impersonal non-taxable companies Impersonal businesses that are not liable for tax and therefore do not need to complete and submit tax return with business specification and supporting documentation, but that still may need to prepare and submit annual report/public accounts with notes can use a simplified user interface. Companies that this relates to can be, for example: - Housing cooperatives - Condominium flat owner - Association/Club/Organisations - Certain companies are exempt from tax liability under specific provisions in the Tax Act In **Settings - Company information** the **Tax rate** can be changes to *Not taxable (0%)*. Period & Year will then get a simplified user interface where all items related to tax values and calculations are hidden. >[!NOTE] > This option is reversible so that areas will reappear if the company’s tax status is changed back to taxable. This means that the following main elements are removed on the specific company: In Tax Information: - Various information - Area selector (all areas except the Fixed Assets Register are removed) - Tax calculation - Financial statements - Wealth - Tax return In Checks: - Tax return - Business specification - Reconciliation of fixed assets - Reconciliation of equity - Taxes and allocations In Reports: - The entire section for tax returns and business specifications - Account-specific financial statements (business specification) - Temporary differences - Tax calculation for limited liability companies - From book value to taxable result - Wealth - Checklist for tax information In Innsending: - Skattemelding The Fixed Assets Register can only be used for accounting treatment of assets when this setting is activated. It is not possible to link objects in the fixed assets register to forms for tax depreciation.