To clear (or delete) transactions for specific year you need to:
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Go to transactions list and press on Filter action to open the Filter box.
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In the Filter box select Calendar and then year and select year. You can also filter for specific account or other criteria.
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Your transaction list will show only transactions which match the filter selection.
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Long press one transaction and select "Select More"
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Now you need to select all transactions one by one (we know this may be time consuming if you have large number of transactions but there is no other way right now - in future release we will add easier way to select all transactions).
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Once all transactions are selected you can either select "Set as Cleared" to set these transactions as cleared (change flag) or you can Delete them.