Fiscal Year Console Guide

This page provides a complete guide to the Fiscal Year section of the Namirasoft ERP Console. A fiscal year is the accounting period your transactions are grouped into and reported over. This guide explains each field on the Fiscal Year form.

What Is a Fiscal Year?

A fiscal year is the span of time, usually twelve months, that a business measures its results over. Every journal entry belongs to a fiscal year, and reports such as the balance sheet and general ledger are produced within one.

 

Why the Fiscal Year Matters

The fiscal year defines when a period begins and ends, which is what makes it possible to close the books, carry balances forward, and compare one year with the next. Clear period boundaries keep your reporting consistent and your year end process clean.

 

How Namirasoft ERP Handles Fiscal Years

You define a fiscal year with a start and an end date under a company. The year is then opened so entries can be posted, and closed at the end of the period, which moves the year’s result into retained earnings. Opening and closing can be reversed if you need to make a correction, so the process stays under your control.

 

Overview of Fiscal Year Fields and Options

The sections below explain each field on the Fiscal Year form.

• ID (String): This is the unique identifier automatically assigned to the fiscal year by Namirasoft ERP when it is created. You do not enter this value; it is used internally to reference the fiscal year.

• User ID (Namirasoft Account’s ID): This is the unique ID of the Namirasoft Account that created the fiscal year. It links the record to the user who owns it for access control and history.

• Company (String): This is the company the fiscal year belongs to. Each company keeps its own fiscal years so its books can be opened and closed independently.

• Name (String): This is the name of the fiscal year, such as 2026 or FY 2026, used to identify the period on your records and reports.

• Start Date (DateTime): This is the first day of the fiscal year. Entries dated on or after this date fall within the period.

• End Date (DateTime): This is the last day of the fiscal year. Together with the start date it sets the exact window the year covers, and entries must be dated within it.

• Enabled (Boolean): This controls whether the fiscal year is active and available for use. Turn it off to retire a period while keeping its history intact.

• Description (String): This is an optional note where you can record details about the fiscal year.

• Created At (DateTime): This shows the exact date and time the fiscal year was created. It is set automatically and does not change.

• Updated At (DateTime): This shows the last time the fiscal year was edited. It helps you track when the record was last maintained.