The Start a New Fiscal Year windows allow you to complete the necessary steps to close the previous fiscal year and begin the next fiscal year. Six windows guide you through the process of starting a new fiscal year.
In this window, you'll indicate whether you want to exclude certain transactions from the Start a New Year process.
We recommend that you mark Exclude Receipts Grouped with Undeposited Funds. You'll mark the selection if you don't want to erase transactions from your company file that you've indicated you want grouped with undeposited funds using the Group with Undeposited Funds feature.
We also recommend that you mark Exclude Disbursements Grouped with Electronic Payments. You'll mark this selection if you don't want to erase transactions from your company file that you've indicated you want grouped with electronic payments using the Group with Electronic Payments feature. (Whether the disbursements have been made o-r not yet made, the transactions won't be erased.)