| User Roles |  Admin |  Staff contributor |  External Contributor | ✗Pulse user |
Learn how to adjust financial years in Silverfin by navigating through settings and making necessary changes to financial years, ensuring accurate fiscal reporting and compliance.
Table of contents
- How can I adjust financial years?
- How can I roll forward my opening balances?
- Good to know
- Video guide: Adapting financial years
How can I adjust financial years?
- Navigate to the Edit client button on the client file overview page.
- Click on the Periods tab.
- If your file is a manual file, proceed directly to the next steps. If your file is synchronised, the financial years will default from your bookkeeping software. To adjust the financial years in Silverfin, unlock them by selecting Manually set financial years.
- Adjust the years by clicking the date you want to change. You can either use the calendar or type the new date.
- When you adjust financial year, all subsequent years will be automatically adjusted as well.
- Changes made are highlighted in yellow.
- Click Save changes button.
- A summary of your changes will appear. You can click on Save button or Cancel to make further modifications.
Financial year needs to be shorter than 2 years. It's not possible to set up
How can I roll forward my opening balances?
To roll forward opening balances follow the below steps:
- Enable manual rollforward by toggling the slider.
- Select the Opening balances for the specific year.
- Click Save changes button.
- Rollforward occurs automatically for synchronised client files. Manual adjustments to the transfer of opening balances is not required.
How can I deactivate the rollforward of opening balances?
- Disable the manual rollforward by toggling the slider off.
- Confirm by clicking Disable button.
- Click Save changes button.
- If you wish to disable the transfer of the opening balances for a specific period only, unselect the relevant option within that specific period.
Good to know
- periods can be adjusted by admin users, staff contributors and external contributors.
- In the period overview, only periods containing data are visible. The period overview is aligned with the period picker at the top of your client screen.
- To manually add data to a period prior to the first financial year, use the Add new period option within the file overview. This allows you to create a comparative period.
- It is not possible to adjust financial years that begin before the start date of the sync. To adjust dates prior to the sync’s start date, you must first turn off the sync.
