Migrating several past fiscal years
Migrating several years lets you compare your financial statements from one year to the next from day one, and answer a tax audit without reopening the previous software. By the end of this page, you will know in which order to migrate your fiscal years and how to chain them cleanly.
The principle
Section titled “The principle”Fiscal years are migrated from the oldest to the most recent, one at a time. Each one opens once the previous one has been imported and closed: its closing balances become the next one’s opening balances. For 2023, 2024 and 2025:
| Order | Fiscal year | What happens |
|---|---|---|
| 1 | 2023 | Import, check, then close |
| 2 | 2024 | Import; its opening balances are compared with the 2023 closing, then close |
| 3 | 2025 | Import; same checks, then close if the year is over |
Migrating the fiscal years
Section titled “Migrating the fiscal years”-
Open Settings → Opening balance import, click New migration, choose Past fiscal years and enter the Number of past fiscal years.
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The assistant lists the fiscal years to migrate, from the oldest to the most recent, with their state. Check each one’s dates if your fiscal year does not follow the calendar year.
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Migrate the first fiscal year with the source of your choice: general ledger, FEC or trial balance.
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Check it, then close it. The assistant takes you there with Close fiscal year and Go to fiscal years.
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Come back to the assistant and click Migrate the next fiscal year. Repeat until the last one.
When opening balances do not match
Section titled “When opening balances do not match”When a fiscal year already has opening entries (from closing the previous one), SynkriaOps compares them account by account with the file’s. Differences appear in Opening-entry differences:
| Finding | Meaning |
|---|---|
| Not in the year’s opening entries | The account has an opening balance in the file but not in SynkriaOps |
| Not in the file | The reverse |
| Different amounts | Both exist but do not agree |
A difference often reveals an entry posted after closing in the previous software. Correct the previous fiscal year, or choose Ignore the file’s opening entries to keep SynkriaOps’s.
Checking the chain
Section titled “Checking the chain”- A fiscal year’s closing balance and the next one’s opening balance give the same balance sheet balances (classes 1 to 5).
- Each year’s result is the one in your filed financial statements.
- Retained earnings move from one year to the next according to the decided appropriations: see Appropriating the result.
Further reading
Section titled “Further reading”- Migrating the current fiscal year →: the last step, for the year in progress.
- Opening balances explained →
- Migration overview →