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Fiscal year and period

In this user manual, you will find the information about the configuration of fiscal years and periods.

Fiscal year

GEM-CAR relies on the configuration of the fiscal year for its accounting features to work as intended. Consequently, when you open the application for the first time, GEM-CAR asks if you want to configure the fiscal year. Answering yes opens the Maintenance of periods window to complete the configuration. However, if you need to configure the fiscal year at a later time, you can access this window from the GEM-CAR *Main menu by going to Accounting > Management of fiscal periods*.

To configure the fiscal year, follow the steps below.

  1. Access the Maintenance of periods window.
  2. Chose if you wish to modify the pervious or the current year by selecting either Pervious year or current year.
  3. Click on the + button.
  4. Enter 01 in the Period field.
  5. Enter the starting date of the fiscal year in the Start date field.
  6. The ending date will be calculated automatically. However, if you need to modify it, enter it in the End date field.
  7. Click on the diskette button to save.

Fiscal period

If you need to change the current fiscal period, access the Period change window from the GEM-CAR *Main menu by going to Accounting > Change fiscal periods*.

To configure the current fiscal period, follow the steps below.

  1. Access the Change period window.
  2. Select the period on the list.
  3. Click on the diskette button to save.