The financial year is the main reporting period in accounting.

The annual accounting statements reflect all the facts of the organization's business life that occurred during the financial year: the movement of assets, equity and liabilities, cash flows, the accumulation of income and expenses, and the formation of financial results.

Problem: How to change the Financial year starts

(for example, not from January to December, but from June to May), for Balance Sheet 

Question: как в программе поменять начало финансового года (например, с июня по май, а не с января по декабрь), чтобы Баланс (Balance Sheet) показывал период, отличный от календарного года:

Solution: Use Mutual Settlement and Other Expense document as shown below.

Answer: Необходимо установить дату начала у Entity:

Result: