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Fiscal Years in ACCOUNTS
Unlike the Software4Nonprofits DONATION program, ACCOUNTS is not strongly year-based, and there are no absolutely required year-end procedures. You can usually enter data for any date / any year at any time.
For organizations whose fiscal year is different from the calendar year, reporting options are provided that cover exactly the fiscal year. Before using any fiscal year options, you must set up what your fiscal year start date is in the Maintenance ⇒ Organization Info window.
Many reports then default to being for the fiscal year.
What is considered to be the current fiscal year?
All fiscal year reports include transactions for the entire current fiscal year. What this means is if for instance your fiscal year runs from June 1 to May 31, reporting on "fiscal 2013" includes transactions dated from June 1, 2012, to May 31, 2013.
See also: Selecting Dates for Reports