Nivesh Sahayak App › Help › Accounts and final accounts

Year end: check, close and start the next year

At the end of March, check the year, close it so nobody changes it by mistake, and carry on. Balances move into the new year by themselves.

Step by step

Open Year end. Menu › Year end and choose the Financial year.
Read the summary. Sales, gross profit, net profit, cash, bank, to receive, to pay and stock value.
Fix what Before you close lists. For example items below zero stock or quotations still open.
Post depreciation and print final accounts. From Fixed assets and Final accounts.
Close the year. Under Close the year press Close FY … and confirm. Nothing dated inside it can be saved, changed or deleted in the App or any document maker, until you open it again here.

Worked example

On 10 April 2027 you close FY 2026-27. A bill dated 28 March 2027 can no longer be edited; the maker says the year is closed. New bills from 1 April start at INV/27-28/001. Customer balances, cash, bank and stock continue into 2027-28 because the App works them out from every saved record.

Common mistakes and how to fix them

Closing before the accountant has finished. You can open a closed year again on the same screen.

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Year end: check, close and start the next year

Step by step

Worked example

Common mistakes and how to fix them

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