On the **Client Setup**, Navigate to **Financial Years**

**Number of Years to Present** can be Adjusted to Reflect More than 2 years on the Annual Financial Statements, or only 1 year for the First Year of Trading

You can Present up to 5 Years on the **Annual Financial Statements**, which will Reflect on the **SoFP, SoCI** and **SoCE**

The **Year End Date** can be Adjusted if the Financial Year End of the Entity is not February

The **Year End Date** Should not be Adjusted to Accommodate **Management Statement** Dates

For Management Statements, Select **Management Accounts** and **Financial Period Override** to Override the Dates

On the Drop-down next to **Current Year Override**, Select the **Period End Date** for the Management Statements

On the Drop-down next to **Prior Year Override**, Select the **Year End Date** for the Prior Year

Adjust the **Reporting Period** to Reflect the Correct Period for the Management Statements

Settings for **10 Month** Management Statements, ending **31 December 2024**

Reflection of **Management Accounts** Settings on the **SoFP**

Select **Restated** for the Relevant Year, to Restate Prior Year Figures

**Restatement** of the Prior Year Figures on the SoFP

Select **Refer to "Annual" Financial Statements from SoFP** to refer to Annual Financial Statements on all Sheets

Reflection of **Annual** Financial Statements on the **SoFP**

This guide is essential for anyone looking to efficiently set up client financial years in Draftworx Desktop. It provides a step-by-step approach to amend dates for management statements and other date related settings, ensuring accurate configuration of financial periods essential for financial reporting. By following this guide, users can save time and reduce errors, ultimately enhancing their productivity and financial accuracy.

Draftworx Desktop: Client Setup- Financial Years - DX031