Determine financial year and start date of administration

When setting up a new administration, the financial year and the start date of your administration must be accurately recorded in the Administration Wizard. Your accountant enters this information on the 'Administration' tab.

ATTENTION!

Yuki only processes entire financial years. Therefore, if you switch to Yuki, you always do so for a full financial year.

Choosing the start date of the financial year is important. This can only be changed afterwards if there are no entries yet in the relevant financial year.

Determine financial year and start date

How you determine the start date and the financial year depends on the situation of your company.

Young / newly started companies

Do you have a newly started company? Then Yuki will keep the records from the beginning. Enter the calendar year in which the company was officially established.

Example

Are you starting the company in October? Then enter that current calendar year (2026) as the start year in which Yuki keeps the accounts. 

Companies that have existed for more than one year

Has your company been in existence for a longer period and are you switching from another accounting system? If so, please indicate the first full financial year that Yuki should handle.

ATTENTION!

Ensure that you provide the accountant with all figures and data regarding the financial situation at the beginning of this financial year (the opening balance) as soon as possible.

Process previous financial year retroactively

It is possible to have Yuki book a financial year that has already passed retroactively.

Condition

This is only possible if you still have all relevant documents and bank statements for that specific year.

Companies with broken financial year

Does your company have a broken financial year (one that does not start on January 1, for example)? Then always enter the year in which the financial year starts.

Example

Does your financial year run from July 1 to June 30? And do you want to start the administration for the period July 2025 to June 2026? Then enter financial year 2025.

Start administration next year only

Is the current financial year almost over and have you kept everything in your old accounting system? Then it is often smarter to close that year in the old system and officially switch over on January 1 of the new year.

TIP!

The Yuki domain containing your administration can already be prepared. You can then already make use of other functions in Yuki, while the current accounting continues in the old system for a while.