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End of Year (EOY)
The following steps should be followed for End of Year Procedures(EOY):
1. Click on Reference in the Menu
2. Click on Financial Year icon in the Menu
3. Click on New button 
on the toolbar and enter new financial year as displayed below:
4. After creating the financial year, click on save.
5. Click on financial period and then click on the New button to create new financial period.
6. Financial period will be generated automatically by the system based on the financial year created as shown below.
7. Close the Screen
8. Continue same steps as End of Month (EOM)