Financial Periods Setup
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Systems Configuration > Administration> Financial Periods Setup
Highlight the current year
Click On Extras tab and select from the drop down.
Select “create New year” Function.
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This will take the selected year and Createcreate the next financial year period.
Click yes to continue
Enter the End date of the next financial year
Amend The Name Of the created new year to reflect the changes.
Rename the description.
Next Select the Periods Tab
And amend the Name column to match the dates.
When that process is done save and close and you are ready to post to the new financial year and months.