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The Periods page in Edit client has been updated, and some client files show a notice saying that rollforward visibility has changed. This article explains why the Opening balances and Retained earnings checkboxes may now be ticked for financial years where they were unticked before, and what the new Include adjustments column does. Your figures do not change.

Table of contents 

What has changed on the Periods page?

In Edit client > Periods, the Opening balances and Retained earnings checkboxes may now be ticked for years where they were unticked before. This is expected. The checkboxes now show for which years Silverfin calculates these values.

There is also a new column, Include adjustments. It shows whether Silverfin includes the previous year's adjustments in the roll forward into that year.

Why did this change?

For client files with an automatic sync, Silverfin already calculated opening balances and retained earnings, but the checkboxes did not show it. Now a ticked box means Silverfin calculates the value for that year.

Roll forward has always worked this way. Manual years included the previous year's adjustments, synced years left them out, but nothing on screen showed you which. The defaults are unchanged. What is new is that you can see them, and that you can change them per year: if you need adjustments rolled forward on a synced file, or not rolled forward on a manual year, tick or untick Include adjustments for that year.

Faster syncs

Syncs now run up to 35% faster. The calculated values are unchanged.

What is the sync start year?

  • The first synced year stays unticked and greyed out. Its opening balances and retained earnings come straight from your bookkeeping system.
  • All later years should be ticked.
  • The sync start date is shown at the top of the Periods page: Sync starts from DD/MM/YYYY. Only transaction data from this date onwards is synced. Click the date to open the Sync page.

What does the Include adjustments column do?

  • It is only available for a year where Opening balances or Retained earnings is on. Otherwise it is greyed out.
  • Synced years: unticked by default, because adjustments are booked in your bookkeeping software.
  • Manually set years that roll forward: ticked by default.
  • On the client overview, Adjustments rolled forward shows when the previous year's adjustments were carried into the period.

To change these settings yourself, see How to adjust financial years in a client file?

What should I do?

Nothing. The figures do not change. If something looks unexpected, check that:

  • all years after the sync start year are ticked.
  • the first synced year is unticked.
  • the figures match those from before the update. If not, contact Silverfin Support.

If a period is out of balance by exactly last year's profit and loss adjustments, the client overview shows Adjustments last year not brought forward. On a synchronised file, the best fix is to book those adjustments in your bookkeeping software, so they come in with the next sync. Otherwise, tick Include adjustments for that year.

Which client files are affected?

The update is rolled out gradually, so you only see it on client files where it has been applied.

What is different for Belgian client files?

Belgian client files do not show the Retained earnings column. The change applies to Opening balances and Include adjustments only.