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- If a period already has transactions in it, it may not be selected as the new month for the financial year to start.
- The Year End process must should be completed for all available years before running the Change Financial Year process.
- Changing the financial year start month will result in either a financial year with fewer than, or more than, 12 periods (up to a maximum of 23 periods). This is a result of changing the financial year start month and cannot be avoided. Consideration of the change should be taken into account when running reports around this time, or comparing data between financial years.
- If the changes would only affect periods in the next financial year, and that year doesn't exist yet, you will receive a message to advise that you need to wait for the next financial year to be created.
- Changes to the financial year cannot be undone so test the changes in the Training environment first.
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