After you have created a company, use the Company/fiscal years form to assign a fiscal year to that company. As soon as you have created a fiscal year, Isah Finance performs the following actions:
The Fiscal periods form is filled with the fiscal periods specified for this fiscal year in Isah. If no fiscal periods exist for the new fiscal year, you need to create them in Isah first.
In addition to the fiscal periods specified in Isah, fiscal period 0 is created. Fiscal period 0 is used in Isah Finance for special postings, for example for posting the opening balance at the start of the new fiscal year.
The combination of company and fiscal year under My company > Company/fiscal year gives you access to all functionality in Isah Finance. Select the database to start working with it.
The data needed for posting entries (such as ledger accounts and debtors) are prepared for use in this database. This process uses the settings of the company and the fiscal year.
Once the combination of company and fiscal period has been defined, you can only change the value of the Closed fiscal year field.