The system operates a 12 monthly period reporting system. For example, if you have a January to December financial year, each month has the same year for reporting purposes.

Financial periods do not always coincide with calendar periods. Entities could choose to use one of the following financial years:

• Calendar financial year: January 2024 to December 2024. This year would generally be listed as year 2024, or year ending 2024.
• Non-calendar financial year: March 2023 to February 2024. This year would generally be listed as 2024 as the last period is February 2024, or year ending 2024.

See:

Period and Year End Management (2.5) - AIQ Academy
 

Changing Financial Year Ends‍ 

Managing Financial Periods‍ 

Example: Trial Balance Standard Format

1. Go to Reports > Report manager.
   
2. Select Trial Balance Standard Format.
3. In this example, we will select December 2024. Click View.
   • Calendar financial year: A report for December 2024 will display because the 2024 financial year runs from January 2024 until December 2024.
   • Non-calendar financial year: For example, the year December 2023 to November 2024 will cause December 2023 to display. If you want to view December 2024, you need to select 2025 as the financial year.

Financial Year Ending and Calendar Period both display in GL report headers for clarity:

Trial Balance DR/CR Format

For the Trial Balance DR/CR Movement report, the dates available are driven by your financial years and periods, not by the calendar date picker. If there are no transactions for that period and financial year, it will not appear as an option for selection. 

To check if any transactions exist for that period:

1. Open the Transaction Browser.
2. Click Clear Filters.
3. Filter transactions by Trans Date and/or Period Date.

To view which financial periods are open and closed, go to Setup > Manage Financial Periods. See Managing Financial Periods for more details.