While creating any entry, system validates if dates (like Posting Date, Transaction Date etc.) belong to Fiscal Year selected. If not, system through an error message saying:

Date ##-##-#### not in fiscal year

Create New Fiscal Year 

Only User with System Manager’s Role Assigned has permission to create new Fiscal Year. To create new Fiscal Year, go to:

Accounting > Accounting Masters > Fiscal Year

Read Fiscal Year to learn more.

Set Fiscal Year as Default 

After Fiscal Year is saved, you will find option to set that Fiscal year as Default.

Default Fiscal Year will be updated in the Global Default setting as well. You can manually update Default Fiscal Year from:

Settings > Core > Global Default

Save Global Default and Reload your BizCentric account. Then, default Fiscal Year will be auto updated in your transactions.

Note: In transactions, you can manually select required Fiscal Year, from More Info section.