How to manage FY change?

• Log in to the Admin dashboard (api.mygate.in)
• Go to “Settings”
• Click on “Financial Year”
• Under the box "Transfer and Process balance dues of", in the dropdown menu, select “2019-2020”
• Click on “Transfer and Process”. This process would take time to complete depending on the database size of your society. 
• Click on “Settings”
• Click on “Financial Year” 
• Under “Change financial year to”, select “2020-2021”
• Uncheck "Current Session only”
• Click on “Change”. During this process, the view of all users will be changed to 2020-2021. As a result, if users log in to the portal, they will be automatically be directed to the new financial year i.e. FY 2020-2021.

Note: During this process, the system will do the following two activities:

(1) The system will take all the closing dues balance of each flat and update them as the opening dues of the new financial year.

(2) The system will take all the closing balance sheet figures and update them as the opening balance of the new financial year.

This is a one time process at the end of the financial year. It is mandatory to do so on 1st April 2020, in order to continue the online payment collection from residents as well as other activities.