Visma eAccounting Standaard
Financial year and OB settings
Open financial year settings by selecting Settings followed by Financial years
All created financial years are shown in the Financial year list. Once you have created a financial year, you can register
Opening balances
The first time you create a financial year, you can access Edit mode and enter any opening balances. To add opening balances, you select the first year and click on Opening balance, then you enter the accounts' opening balances and click on Save. Debit balances are written as positive and credit balances are written with a minus sign in front.
Before you can add the opening balances, you must add the missing ledger accounts to the chart of accounts in the first year under Settings - Chart of accounts.
Note that you can only edit the opening balance the first year. When you conclude your first financial year and it is time to create the next one, the closing balances of the first financial year will be transferred automatically and become the opening balances for year two.
Locking of periods and the financial year
When you lock the financial year, no more journal entries can be posted without unlocking the financial year.
The difference between locking the financial year from Settings - Financial years and OB and the periodic lock function under Settings - Company settings - Accounting settings, is that the periodic lock function still allows you to post journal entries on the last day of the financial year. Read more in Company settings.
Field explanations
Lock financial year
Check this box when you are finished with the accounting for the financial year. When the financial year is locked, it is no longer possible to post any journal entries for that year. If you need to unlock the financial year, simply uncheck the box.
Related topics
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Chart of accounts |
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Add new ledger account |