Do you have to manually add each fiscal year, asset calendar, and asset prorate calendar?

Summary:

When setting up the fiscal year, asset calendar, and prorate calendar, I understand that you do the oldest date placed in service and then at least one year beyond the current fiscal year.

Example would be setting up the Fiscal year from 1970-2024 in the Manage Fiscal Year configuration page (where the fiscal year follows the calendar year).

When I walk away from this implementation and 2025 comes around, will someone have to go in and click the Add row [+] button to add the year 2025 or will this automatically update.

Thank you for your input.