A financial year is a twelve-month period used by companies and other businesses to calculate their budgets, profits, and losses.
How to Create a Financial Year
STEP 1: Go to Masters ⇒ Accounts ⇒ Financial Year ⇒ Create
STEP 2: Fill in the following information.
1. Period Name: Enter a name for the financial year.
2. Short Name: Enter a display name for the financial year.
Note: Maximum 7 characters allowed.
3. From Date: Select start date of the financial year.
4. To Date: Select end date of the financial year.
STEP 3: Once the above details has been filled, CLICK on “SAVE” to create the Financial Year.
How to View Financial Year
STEP 1: Go to Masters ⇒ Accounts ⇒ Financial Year ⇒ View
STEP 2: Once you click on view option, The entire list of existing Financial Year will be displayed here. In the case of long lists, it is easy to filter the data by searching for the name under the Vperiod Name.
How to Edit Financial Year
STEP 1: Go to Masters ⇒ Accounts ⇒ Financial Year ⇒ Edit
STEP 2: Once you click on EDIT option, Financial Year List will appear.
STEP 3: To edit any Financial Year CLICK on the “PENCIL” icon or select the Financial Year and press ENTER, financial period Update page appears, wherein the details can be edited.
STEP 4: Once the data is modified, CLICK on “SAVE” to update the details.