A financial year is a period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses. For example, A Financial Year (FY) is the period between 1 April and 31 March - the year in which earn an income.
Create a Financial Year
To create a financial year, perform the following steps:
How to Create Master Account
- Open Back Office.
- Click and open Settings section or click (Alt+S).
- Click Financial Year in the account section.
- Enter the year and select the from date and to date.
- Then press Save button.