Overview & Benefits Of New Financial Year Creation In Hrxpert Software

Process To Create New Financial Year In Hrxpert Software

OVERVIEW & BENEFITS OF NEW FINANCIAL YEAR CREATION IN HRXPERT SOFTWARE

• New Financial Year Creation option is used to create a new financial year i.e. when one financial year gets over and if the employer requires to continue in the new financial year then there is a requirement to create a new financial year so that the closing balances of the previous year gets transferred into the next financial year and the employee master data will also be carried forward into the next financial year.

• When an employer creates a New Financial Year in HRXpert Software, all the leave balances and Loans & Advances of the previous financial year gets carried forward into the New Financial Year.

PROCESS TO CREATE NEW FINANCIAL YEAR IN HRXPERT SOFTWARE

Before creating the New Financial Year, following things needs to kept in mind:

1. Take Backup of Financial Year.

2. If software is running on multi user environment, then software must be turned off from all the nodes connection.

1st Way To Create New Financial Year:

• Login to HRXpert Software > Mention the Username & Password.

• Click on ‘Start HRXpert’.

•  Select the Company from the ‘List of the Companies’ window for which the new financial year needs to be created.

•  After Selecting Company, press ‘Enter’ or ‘Right click’ on the selected company.

• To create New Financial Year, click on ‘Create New Financial Year’.

2nd Way To Create New Financial Year:

• Click on ‘Start HRXpert’ > Select the Company > press ‘Enter’ on ‘HRXpert Gateway’ option.

• To create a new financial year, go to Masters > Create New Financial Year.