Create a Financial Year

 When creating a new fiscal year for bookkeeping, follow these steps:

1. Select Settings → Accounting → Financial Year, or click the Calendar icon in the top right corner of Briox. 
   
   

   
    

2. Under the Create New Financial Year heading, enter the start and end dates for the fiscal year to be used in the program. Enter the start date in the From field and the end date in the To field.

3. 
4. You can also choose a new chart of accounts when creating the financial year.
   In the first year you can choose between the existing alternatives or upload your own chart of accounts as .csv-file. Next time when you create a new financial year you can choose whether you want to use the same chart of accounts as in the previous year. This is convenient especially when you have customized your chart of accounts.
   
5. The accounting method can also be changed when creating a new financial year in Briox. The chosen accounting method is used for the entire year. You can choose between Performance Method and Cash Method.
   
   Note: 
   If you select the Cash Method you can only select our default chart of accounts.
6. Under Settings → Accounting → Financial year you select as well which year should be displayed as default when you log in to the program. Check the box on the left of the year you want to open automatically at login.
   
   In case no year is chosen, the last financial year is opened at loggin.

Changing the length of a financial year

If you want to adjust the length of a financial year, go to Settings - Accounting - Financial Year. Under Existing Financial Years click on the arrow next to the financial year of which you want to adjust the length. 

A window pops up where you can fill in the new start and end date of the financial year.
If previous years already exist, you can fill in only a new end date. Click on Save.