You can enter and delete fiscal years in the mKsiegowa.pl program in the module Setup → Fiscal years. In the program, the fiscal year must coincide with the tax year and the two terms are used interchangeably.
New Fiscal Year
To enter new fiscal years, you need to specify the beginning and the end of the year and click Add new. The program checks if the beginning of the new year is compatible with the end of the previous one.
Note: For each fiscal year, you can set the Factor used for VAT costs related to both taxed and exempted sales as follows:
- this option is available in the fiscal years settings, if in System and General GL Setup you enable the option Company sells both taxed and exempt items
- You can also select the account to which VAT adjustments are posted due to VAT settlement by proportion in System and General GL Setup
- here, you can see the method how to deduct VAT according to the proportion in the program.
Deleting fiscal years
You can delete the tax year by clicking the icon 
in the fiscal year line.
Notes:
- removing a fiscal year deletes all transactions in that year and converts them to the relevant balances. This process is irreversible and it is recommended that you make a backup copy of the data before proceeding with the deletion;
- the program creates a Journal Inquiry document with the date of the last day of the closed fiscal year, containing postings of balances;
- the current fiscal year, marked in colour, can't be deleted.
Closing of the year
To close the fiscal year, select the year clicking on the icon 
and set Is Closed: = Yes and click Update. While ending the year, the program transfers the financial result.
Note:
- you should not transfer income and expenses to the profit and loss account before the end of the year, because as a result of such a transfer, the balances on the profit and loss accounts do not reflect the actual result;
- closing the year blocks the possibility of entering documents in a closed year.
Opening of the year
To reopening the year, select the fiscal year clicking on the icon , set Is Closed = No and click Update.
Notes:
- to select the current fiscal year, go to Setup → Company Setup
- after reopening the year and selecting it in the Company Setup, you may not be able to enter documents if the GL has already been closed this year.
Opening Balance
One of the steps when starting work with mKsiegowa is entering the opening balance, which is also the closing balance in the previous accounting system. We usually enter the opening balance on the last day of the previous fiscal year.
Setting the current year
The program allows you to select the current year. It is best to set the open year as the current year. Setting the current year is also possible in the module Setup → Company Setup.
For convenient work at the turn of the year, the program allows you to enter data in a year other than the current. Each user can have such permissions set in the Access Setup - Allow entry on non closed Fiscal years.
The fiscal year not coinciding with the calendar year.
The program allows you to set a fiscal year that does not coincide with the calendar year. For this purpose, please send your request via the form Support Request at the top of the screen.