When starting to use Netvisor in a company, it is often desired to have the comparative data of the previous fiscal year in the system. With the comparative data of the previous fiscal year, the figures can be raised as opening balances for the starting fiscal year. This can be done in the following way:

  1. Establish the previous fiscal year from the section Financial Management > Financial Statements > Fiscal Year Management > New Fiscal Year.
  2. Enter the balance sheet and income 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.
  3. Check the balance sheet and income statement from the accounting reports to ensure it matches the official financial statements.
  4. Close the fiscal year, at which point the profit/loss is recorded in the balance sheet by the system. (Financial Statements > Fiscal Year Management > Close Fiscal Year)

Instructions for fiscal year management can be found here: Fiscal Year 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 fiscal year's profit/loss should not be recorded, as the system will do this itself when the fiscal year is closed.


This article has been translated using an AI-based translation tool. The contents or wording of these instructions may differ from those in other instructions or in the software.


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