Skip to content
  • There are no suggestions because the search field is empty.

Changing when a financial year starts and ends

Although you can change when your company's financial year starts and ends, the way you do it depends on whether or not you have historical data.

If you want to change historical transactions

Changing the dates on historical transactions requires custom work to be done by Acumatica. You would need to pay an additional cost for this custom work. The cost isn't included in your support plan.

Raise a support request to explain what you need, and we can give you a quote.

For example

Let's say a company has been using MYOB Acumatica for over a year when they realise the financial year is set up incorrectly. November 2023 was part of the 2023 financial year, but it should have been part of the 2024 period. This happened because the Belongs to Next Year checkbox was incorrectly left unselected. Because the company has a year's worth of data, they have to raise a support request to fix their financial calendar and keep their historical data.

 

If you don't want to change historical transactions

You can use the master financial calendar to edit your financial year, as long as you:

  • Do not have any transactions posted to the period that will become your new financial year.
  • Do not use the Fixed Assets and Deferred Revenue modules.

For example

Let's say it's November 2025 and the financial year has 12 periods from January to December. Due to a company restructure, the financial year will be extended until June 2026, for a total of 18 periods. After that, the financial year will run from July to June. Because it's still 2025 and there are no transactions in 2026 yet, you can use the master financial calendar to make your changes.

 

  1. Go to the Master Financial Calendar (GL201000) form.
  2. Make sure that the current financial year is the most recent. Delete any later years.
  3. To be able to modify the year, select the User-Defined Periods checkbox.
  4. In the Modify Financial Periods window, click Yes.
  5. Delete the adjustment period and save the changes.
  6. Add the periods you need.
  7. Enter the ending dates and descriptions for the new periods.
  8. Save the year.
  9. In the Update Financial Year window, select Modify financial year settings and click OK.

Tip: After changing financial periods, you should review and update your ARM reports to reflect the new periods.