Change Your Fiscal Year and Manage Accounting Periods

Switch between accounting periods in Kuvera Arc, understand what changes when you update the fiscal year, and access previous year data.

The fiscal year feature in Kuvera Arc lets you switch between accounting periods so reports, transactions, and financial records are tracked under the correct period. Use this when starting a new financial year or reviewing historical records.

Changing the fiscal year is an important administrative action. Review what changes before saving.

What changes

When you switch to a new fiscal year, the change applies across Kuvera Arc.

Previous data becomes read-only

You can view historical records, but you cannot add, edit, or delete entries from the previous fiscal year.

Existing records stay available

Ledgers, reports, transactions, and documents from earlier periods remain available for reference and audit review.

New entries use the active year

New transactions, reports, and entries are created under the selected fiscal year.

Dashboards update by period

Module views, financial summaries, and dashboard data update based on the active fiscal year.

Switching fiscal years does not erase past data. Previous fiscal year records remain available in read-only mode.

Change the fiscal year

Fiscal year selector in the top navigation bar

1. Open the fiscal year selector

   Click the Fiscal Year option in the top navigation bar. The Change Fiscal Year window opens.

   

   Select a fiscal year

2. Select the new fiscal year

   In the Select Fiscal Year field, choose the fiscal year you want to switch to from the dropdown list.

   
3. Confirm with your password

   Enter your account password in the confirmation field. This verifies that you are authorized to make the change.

4. Save the change

   Click Save Changes to apply the selected fiscal year. Kuvera Arc updates the active period immediately.

   

   Save fiscal year change

To exit without updating the fiscal year, click Cancel in the Change Fiscal Year window.

View previous data

You can switch back to a previous fiscal year to review historical records in read-only mode. This is useful for audits, reconciliations, and past performance review.

1. Open the fiscal year selector

   Click the Fiscal Year option in the top navigation bar.

2. Select an earlier fiscal year

   In the Fiscal Year field, choose the earlier period you want to view from the dropdown.

3. Confirm access

   Enter your account password to confirm access to the historical period.

After confirmation, Kuvera Arc displays the selected period’s data in view-only mode. You can browse records, run reports, and review transactions, but you cannot add, edit, or delete entries from that period.

When reviewing previous fiscal year data, check the fiscal year indicator in the top navigation bar to confirm which accounting period is active.

Why it matters

Fiscal year management keeps accounting periods clear and prevents current-year activity from mixing with historical records.

Clean accounting periods

Each fiscal year keeps its own set of records, helping reports and ledgers stay organized by period.

Preserved historical records

Previous year data remains available for audits, reconciliations, and business review.

Controlled financial transition

Your organization can move into a new financial year without disrupting past records.

Accurate reporting context

Reports and dashboards reflect the selected fiscal year, so users can review data in the correct accounting context.