The Chart of Accounts can be copied when adding a new fiscal year. Some organizations copy the chart of accounts months before closing the current fiscal year so that proposed budgets for the new year can be entered.
This Step-by-Step tutorial shows you how to copy your chart of accounts while adding a new fiscal year.
- For a visual tutorial, see the Copy the Chart of Accounts video.
- All video tutorials can be viewed from the Videos at a Glance page.
- From the General Ledger, select Modify -> Year and Periods.
- Click the Add New Year link.
- Enter the Begin Date and End Date for the new fiscal year.
- Select any other options as appropriate and then click the Update button at the bottom of the page.
- Select where you want the chart of accounts to be copied from.
NOTE: Normally, the chart of accounts is copied from the previous year and then manually adjusted for any account changes in the new year.
- Select the Copy Budgets? check box if you would like the budget figures automatically copied to the new year and then click the Update button.
- When the accounts are finished copying to the new year. A Summary grid appears. Click the OK button.
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