/visma-net-erp/help/general-ledger/set-up-a-financial-year/create-a-new-financial-year section 2026-02-19T17:09:06+01:00 # Create a new financial year To go back to the main process, click outside this pop-up window. ## Before you start Before a new financial year starts, you must create the new periods for this financial year. Once this is done, account balances will be transferred and updated continuously while you still post into the old year. The new financial year will be created with the same settings as the existing financial year. 1. At the top of the [Financial periods (GL201000)](/visma-net-erp/help/general-ledger/general-ledger-windows/financial-periods-gl201000/) window, click . The new financial year is created. 1. Click **Generate periods**. The periods for the new financial year are created. 1. Click .