Fiscal Year setup

When creating a new fiscal year I get a pop up with the following message:

fiscal calendar “main” is referenced by GL book(s): main. Updating this calendar requires running transfer balances to apply the change to periodic balances. Are you sure?

Is it ok to click on yes and proceed?

Thank You.

Yes, it is fine. You can transfer balances separately also whenever you want.

Vinay Kamboj