How to Close Financial Year (Fiscal Year) in Retailgraph Software
Close Financial Year in SwilERP
Closing and Changing Financial Year in SwilERP Software
The close financial year process marks the end of one accounting period and the beginning of another, typically from April 1st to March 31st. It involves clearing previous year's balances and starting anew. Changing the financial year allows for adjustments and ensures accurate financial tracking. In SwilERP Software, this option is found in the 'Options' section for easy access.
To view the process, please watch the following instructional video:
Step:1- Backup of your Data
For data backup go to Menu-> Options -> Data Backup.
Reference Image:
SwilERP Dashboard Window
A window will open where you can select the path for your backup file. If you wish to save your current year's financial data backup in a different location other than the default path, you can change the path and rename the file to include the current year in the name before saving it.
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