You may see all zeros on the financials or in the G/L inquiry screen for the new year because the general ledger has not been closed for the previous fiscal year.
The final end of month close for the year closes the A/R and A/P modules. An additional procedure is required to close the G/L.
Warning: Refer to G/L End of year close process before closing the year
Navigate to Accounting > General Ledger > General Ledger Year End Close.
This process rolls Balance Sheet account balances forward and closes all Income Statement account balances into Retained earnings.
G/L balances for the new year should now be visible. If necessary, re-open the prior fiscal year (Accounting > General Ledger > Re-Open Previous Fiscal Year) to make adjustments. After posting adjustments, close the year to update the new year balances.