Effective Line Items rename during Fiscal Year changes

Hello ,

For Every Fiscal year development, we used to copy the models and rename the line items in the modules / dashboards from FY21 to FY22 etc.


Later it was discussed with the user and renamed CY, CY-1, CY-2 (CY = Current Year), but the users are getting confused with these CY terms.


Have anyone tried a different format to reduce the redundant work of renaming and also having Users satisfied with more meaningful names / style ?


Thank you in Advance!