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How to Create a Fiscal Year

MKG entries are subdivided into fiscal years. A fiscal year contains many fiscal year dependent tables that are automatically filled for the new fiscal year when you create a new fiscal year from a current fiscal year. In this article you can read how to create a new fiscal year.

 

Creating a new fiscal year in MKG is the first step you take to ensure a successful fiscal year transition. This action is mandatory.

 

Automate Logistics Sequence Numbering | MKG has number series for the various processes that may or may not be fiscal year dependent. You can automate the logistics sequence numbering, so you do not have to enter it manually every year. Perform this action before creating the new fiscal year.
How to Automate your Process Numbering

 

 

1. Select the Administration

You create fiscal years per administration. You manage the fiscal years of your administrations within the module Administrations. On the module homepage, find and select the correct administration.

 

2. Check which Fiscal Years are Available

You will be taken to the 'General' tab of the administration. At the bottom left of your screen, check which fiscal year is active and which fiscal years are available for this administration.

 

3. Create a Fiscal Year

To create a new fiscal year, click the Create Fiscal Year

button. The 'Create Fiscal Year' window appears. The fields Administration and Fiscal Year have been completed. Check whether you are creating the correct fiscal year, then click OK. The new fiscal year has now been created for this administration. At the bottom left of your screen you can see that the created fiscal year has been added.


Create Fiscal Year

If an error message appears when creating a fiscal year, the fiscal year must be re-created after the error(s) have been resolved or - depending on the error - the already created fiscal year must be updated. In case of doubt about the report, it is advisable to contact the MKG Helpdesk. Also see: Error Messages when Creating and Updating a Fiscal Year.

 

 

Please note!
You open fiscal years per administration. If you use more than one administration, you must perform this action for each administration.

 

Fiscal Year Transition | While executing a fiscal year transition, in today's administrative systems, actions that only occur once a year still have to be performed. These actions cause questions, or worse, are not performed at the most appropriate time. To prevent these questions and to ensure that the fiscal year transition runs as smoothly as possible, this checklist is intended for those who coordinate a fiscal year transition with MKG software.

Or go directly to one of the following items:

 

error messageadministrationfiscal yearfiscal year transition