Your fiscal year tells Nkapio how to group your numbers for reporting. Setting it correctly means your revenue, expense and profit reports line up with the period your accountant actually reports on.
Step 1 — Open the fiscal year settings
Go to Business settings and open the fiscal year section. Here you set the start month of your financial year. Many businesses use January, but you can match whatever your accountant uses.
Tip: set your fiscal year before you run your first period-end report. Changing it later shifts how historical totals are grouped, so pick it once and leave it.