In this guide, we show how to:
- Create a New financial year
- Open a Financial Year
- Delete a Financial Year
- Audit History of a Financial Year
Access: The minimum permissions required to Create a New Financial Year are found in the MAT Finance Module section of Config > Setup > Roles & Permissions.
Related Guides:
To begin, from the left Menu, go to Finance > Routines > Financial Year Maintenance.
How to Create a New Financial Year
Click on New to create a New Financial Year.
Complete the New Year pop up and press Save.
Note: Monitor Spend against cost centres tick box: If ticked, when a posting is going to cause the Cost Centre Spend to go over budget, the system notifies the user with a warning. If unticked, no warning is given.
Creating a New Financial Year automatically adds a new Budget Scenario to the Finance > Budgeting > Scenarios page.
How to Open a Financial Year
Select a Financial Year from the table with Status ‘Not Started’ and click on Open.
Click Open in the Open Year Confirmation pop up to confirm. The Status will update from Not Started to Open.
How to Delete a Financial Year
Select a Financial Year from the table with Status ‘Not Started’ and click on Delete.
Note: This will also delete the linked Budget Scenario.
Click Continue to confirm.
Audit History
Select a Financial Year from the table and click on the Audit History icon.
