Hi @ScottSameSame,
Great questions. I will be going through a new year for the first time too!
Take a look at this help guide which should cover all your questions. Although it has video examples for the years 2022 - 2024, the steps still apply for 2025.
How do I get my budget ready for the new year?
Even better, Heather just posted this webinar:
Updated: Get Ready for 2025: Financial Clarity and Alignment Webinar