Please follow the steps below to initialize a new calendar year:
Go to the Core module, then click Setup.
Select Initialise New Year Setup and click Step 1: Initialise Calendar.
Select the year you want to initialize.
Click All to Initialize all calendars and click Confirm.
If you are processing payroll after this, please proceed to step 6.
Go to the Payroll module, then click Initialise. (If you have initialized the current period, click New to re-initialize the employees over).
See also initialise leave entitlement.