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title: "Fiscal year - Change"
canonical: "https://wiki.soft1.eu/space/SS5EN/189268933/Fiscal%20year%20-%20Change"
format: markdown
---
SOFT1 ERP keeps unified files for all Fiscal Years thus the process of  Fiscal Year Change  does not require any particular preparation or creation of a new files set . Nevertheless, it is required:  to create a new Fiscal Year (e.g. 2021), to run a set of jobs in SOFT1 ERP, such as Physical Inventory and Inventory Balances brought fwd, as many time as it is required to finalize the stock balance.    to design Accounting scenarios, in order to transfer the GL accounts' balance: to profit and loss accounts (SOFT1 ERP job: Fiscal Year Change - Accounting Closing Entries to the next Fiscal Year (SOFT1 ERP job:  Fiscal Year Change - Accounting Opening Entries) For Trading parties' balance, (debit or credit), it is not required any SOFT1 ERP action since the indications Previous & Next Balance are available at their Financial data and at a number of reports/ statements as well.