When starting to use Netvisor in a company, it is often desired to have the comparative data of the previous financial period in the system. With the comparative data of the previous financial period, the figures can be raised as opening balances for the starting financial period. This can be done in the following way:
- Establish the previous financial period from the section Financial Management > Financial Statements > Financial Period Management > New Financial Period.
- Enter the balance sheet and profit and loss statement of the previous period as single-sided entries in a memo voucher (Other) on the last day of the period and leave the profit/loss unrecorded. Note! Please also bring the profit and loss statement, as the balance sheet alone is not sufficient because the software calculates the financial period's result from the income accounts when the financial period is closed.
- Check the balance sheet and profit and loss statement from the accounting reports to ensure it matches the official financial statements.
- Close the financial period, at which point the profit/loss is recorded in the balance sheet by the system. (Financial Statements > Financial Period Management > Close Financial Period)
Instructions for financial period management can be found here: Financial Period Management
Note!
Do not directly record anything to accounts 1763 and 2939, as they are system VAT accounts. These accounts should be closed to tax account 2948. If you are bringing older periods, i.e., from before the tax account, use accounts 1762, 1764, and 2946 instead.
Also, do not record anything yourself to accounts 2371 and 2375, as they are the system's own financial statement accounts. Please also note that the financial period's profit/loss should not be recorded, as the system will do this itself when the financial period is closed.
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