When a Company is first created in the Portfolio, the starting month of the financial year is specified.
Be aware Untap will create new financial years automatically when required, so the settings seen here do not typically get changed.
Company Administrator goes to Company > Admin > Preferences
Select "Financial Year Configuration" from the list.
We recommend you do not create additional years using the Previous / Next option unless you have spoken to your Untap Consultant first.
The Previous button allows for a past financial year to be created, normally your Untap consultant will set this up.
(For example, if you need to enter historical data in Untap which may be needed for the Valuation Formula to work).
The Next button allows you to create the next financial year manually.
There are some differences doing this manually compared to when Untap does this automatically, which is why we recommend speaking to your Untap Consultant first.