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How to create New Financial Year in Marg Software ?

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Overview / Precautions of New Financial Year Creation in Marg Software

Process to Create New Financial Year in Marg Software

New Financial Year Related Articles in Marg Software

OVERVIEW / PRECAUTIONS OF NEW FINANCIAL YEAR CREATION IN MARG SOFTWARE

New Financial Year (2024-2025) is being created so that the user can easily start generating the entries from 1st April 2024 in the Software.

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

1. Take Backup of Previous Financial Year (2023-24)

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

3. Close the Server Backup File i.e. Auto Backup file.

PROCESS TO CREATE NEW FINANCIAL YEAR IN MARG SOFTWARE

  • Firstly, press ‘Alt+X’ key on the home screen of Marg Software.

  • A ‘List of Companies’ window will appear.
  • Select the Company for which the new financial year needs to be created.
  • Then press ‘F8’ key or 'Enter' key on the selected company.

  • Select ‘New Financial Year’ option.

  • A ‘New Year Creation’ window will appear where the dates of the New Year will be defined i.e. 1st April 2024 to 31st March 2025.
  • Click on ‘Accept’.

  • A warning window of ‘Shall I Proceed?’ will appear.
  • Click on ‘Yes’.

  • A ‘Transfer Options’ window will appear.
  • If the user needs to Transfer the Ledger balances, Outstanding, Stock Balances, Sales Challan, Pending Orders, etc. from the previous financial year, select ‘Yes’ from the dropdown.

By default, this option of ‘Challan Transfer’ remains ‘No’ as Challans can be transferred only once so if the user is confirmed then only Select ‘Yes’.