Set up a financial year
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Set up a financial year - overview
One of the first tasks of system configuration is setting up the financial year and financial periods.
About the financial year and financial periods
Parent topic: Set up a financial year - overview
Create a new financial year
Configure week-based financial periods
In Visma Net, you can configure a financial year with weeks as financial periods by using the Financial year (GL101000) window.
Configure a fiscal year and its periods
You use the Financial year (GL101000) window to configure a fiscal year that has month-based periods (each consisting of one, two, or three months) in Visma Net.
Configure a financial year that matches the calendar year
Shift the first year one year earlier
When you start to use Visma Net, if you realise that some financial data (such as beginning balances for general ledger accounts) should be posted before the start date, you may need to shift the first financial year earlier.
Add an adjustment period
In Visma Net, you can add an adjustment period for each year only during initial setup, when you configure your financial year and its periods.