In this new financial year 2022-23 starting 1st April 2022, all balances are automatically transferred to the new year. You can continue entering your data in a new financial year.
1. On 1st April 2022, a new financial year 2021-22 will appear in Settings > General Settings > Select the financial year. You can change the financial year to 2021-22 to view transactions for last year.
2. While creating the first invoice of this year, change the invoice number to INV/22-23/0001. All further invoices will follow this pattern. Do the same for all transaction types.
3. If you don't want to carry forward closing balances of the previous year's Expenses and Income Accounts, then follow the below steps:
Book Keeper Windows:
a. Go to Settings > General Settings.
b. Disable the option "Include Opening Balance Of Income/Expense in Reports?".
Book Keeper Android/iOS:
a. Go to All Reports, on the top right corner you will get the Settings icon, click on that.
b. Disable the option "Include Opening Balance Of Income/Expense in Reports?".
Once this is disabled, opening balances of Expense & Income accounts become zero in the new financial year in Ledger Report & Trial Balance. However, the list of accounts will still show last year's balances.
4. If you want to transfer profit to a capital account, click on this link.
Here's a video for your reference:
https://www.youtube.com/watch?v=NTf5mcd0FKo
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