Manage financial periods
Section Content
Generate periods for a new financial year
Activate a financial period
When a new financial period starts, you may need to activate (open) it to be able to select this period in documents.
Close financial periods
About period-end closing procedures
Visma Net provides multiple options to let you configure period-closing procedures in accordance with your company’s policies.
Close a financial period from any workspace
Reconcile general ledger before closing the financial period
Before you close the active financial period or when you want to reconcile financial periods, you should check possible differences between the General ledger and certain other workspaces.
Beginning balance when starting a new period
When you are starting a new financial period or year, you can see its beginning balance as follows: