New Financial Year Creation 2022-2023 [English] Helpline 01130969600 - YouTube

Hello everyone, Welcome to the video of Marg ERP

in which we will see the process of how we can create new financial year.

and in this video we will see that  how to create the coming financial year that is  

2022 to 2023. Before creating a new financial year  you will take care of one thing that you need to  

take the backup of the previous year so in order  to take the backup of the previous financial year  

you will click on the video link given in the  description box and can see the video of backup  

of financial year. Now before starting the process  we would like to tell you that if you are using  

multi-user software then you will create a new  financial year in your main system and along  

with it you will take care of this thing that rest  of the node system must be closed on the software  

Now let's come and see the process of new  financial year creation 2022-2023 for which  

first from the list of companies window we will  select the company of which we want to create the  

new financial year. For example, we will either  bring the cursor on MARG ERP limited and press  

enter on it or press f8 key then click on new  financial year option given on this window.

So a window of new year creation will open in which the software is showing you the previous 

financial year and new financial year. You will simply click on the accept button then a window will

appear in front of you that is you are going to create new books of accounts from this date to

this date. Shall I proceed? which means that the software is asking you for the confirmation

to create the new financial year. So, in order to confirm the same you will click on the yes button as

you will click on yes a window of transfer options will appear.

From here you can select those options means you can set on yes

which you want to transfer  from the previous year to the new financial year.

As you can see here transfer ledger balance means  if you want to transfer the ledger balances of  

the previous year into new financial year then you  will set yes from the drop down of ledger balances  

otherwise set this field as No. Similarly if you  want to transfer the outstanding stock balances  

and breakage expiry stock of the previous year  into new financial year then set these fields as  

yes from the drop down otherwise keep them as it  is. Next is non-working parties non-working items  

and non-working batches means that those parties  items and batches with whom there were no dealings  

done in the previous year by you means there were  no transactions done so if you want to transfer  

those also into new financial year then do yes  otherwise set as no. Then is challans transfer  

in the same way you can transfer the challans  also like sales challan, sale return challan,  

sale breakage expiry challan and replace challan. So if you want to transfer your challans of the  

previous year in new financial year then you will  set yes to these options otherwise you can set  

these as no and similarly the same process  will be followed in the purchase challan  

transfer options also means if you want to carry  forward any purchase challan which are shown to  

you here in the new financial year so you will  set these fields to yes otherwise keep it as  

no and by default this challan option is set as  no because challans can be transferred only once  

so if you want to transfer the challans then only  you will set these options as yes otherwise keep  

them as no. Now you will see the last option here  that is transfer pending orders means if you want  

to transfer the pending sale order and purchase  order of the previous year into new financial year  

then you can set this option to yes otherwise  keep it as no then press enter, After pressing  

enter the software will ask you shall I proceed? and to continue we will enter on yes button. As you  

will press enter on yes then you will see that  the software has started the new year creation. 

So you must neither interrupt this nor close it  otherwise it will affect your data. After this  

an alert message of create batch history and bill  history will get displayed to you. If you want to  

forward the history of the previous year bills in  the current year then you can run the bill history  

for which you can follow the path shown in the  alert message and can create the batch and bill  

history. For now you will click on close and then  from the list of companies window you will press  

enter on MARG ERP limited. company of which  you have created the new financial year then  

simply from here press enter on MARG gateway as  you will press enter on MARG gateway then you  

will see that along with all financial year new  financial year is also shown to you in the software.

Now press enter on new financial year and come to  the software. So in this way you can continue your  

working in new financial year here we want to tell  you that in case if you have done any changes in  

the previous financial year and you want to bring  its effect in the new financial year then you can  

use the carry balances option through which your  changes of the previous year will get transferred  

into the new financial year and you will take  care of one thing that once the financial year  

will get created then you should not delete it  because challans can get transferred only once  

so for carry balances option firstly we will go  to reports menu then to management reports then  

utilities and then click on carry balances option  then this window of carry balance will appear  

Here it is shown be careful carry balance  from last financial year to new financial  

year carry from last year. So if you want to  carry forward anything from the last year means  

from the previous year then you can click on yes  then a window of carry options will open similar  

to transfer options window. From here you can set  yes to those options which you want to transfer  

like ledger balances, orders and challans and as  you will press enter after the last field that is  

carry general reminders then this confirmation  message of start carrying from last year  

will appear that whether you want to start  the process of carrying the last year balances  

or not. So to confirm it you will click on yes tab  so in this way the balances of previous financial  

year will be carried forward in the new financial  year. After this now if you want to check that  

all ledgers with their balances are being carried  forward in the new financial year or not. Then you  

can press control plus l key on the home screen of  the software and can view the changes. Similarly  

by pressing control plus I key, you can also view the  balance of the items.

So friends in this way you have seen in this video that how you can create

the new financial year in MARG ERP software and how you can carry forward the balances

from the previous financial year into new financial year.

Thanks for Watching