Guidelines for Financial Year Ending
For proper handling of accounting data within our societies, we maintain partitions of financial year periods. Hence, it is very important, like previous years, to process all the transactions from FY 2022-23 to 2023-24 to ensure there is no arrear difference in your bills.
1. To help out all the societies in their daily activities, we are automatically transferring the data for the 2022-23 Financial Year to the 2023-24 Financial Year on 1st April 2023.
2. However, if you are doing any changes to FY 2022-23 or any other previous year on or after 1st April 2023, it is strictly advised to process that year with the below steps -
Go to Financial Year (within the header of the dashboard home page or Settings >> Financial Year)
Go to Financial year-end processing >> Select the year you have made the changes >> Click on Process >> Wait until the process is done.
Again, in order to remind our accounting users of updated transactions in a previous year that have not been processed, we have implemented a warning message on the dashboard.
Under the Financial Year button on the header of the dashboard home page, an alert symbol along with the message mentioning the exact Financial Year yet to be processed is highlighted!