Closing the Financial year is a mandatory step when the financial year is ended. This will ensure the Opening Balances of the subsequent financial year are initialized properly. This will also ensure no account changes can be done on a closed financial year. Our system automatically sends a notification when Financial Year needs to be closed.
1) Click on the Left Menu.
2) Go to Accounts.
3) Click on the ⋮ 3 dots which is at the right top corner.
4) Click on Close Financial Year.