Purpose: This document provides step-by-step instructions for completing the year-end process and creating a new financial year in ServQuick. Follow these directions carefully to ensure accurate closing of the current financial year and proper initialization of the new one.

Step-by-Step Instructions  

1. Navigate to the Year-End Process Module  

• Navigate to the Accounts module in Servquick.

• In the Accounts module, choose the Finance and Accounts section.

• In the Finance and Accounts screen, choose the Tools option and click on Year-End Process 

2. Configure the Year-End Process  

• Select Location:

• Use the keyboard (Enter or Tab) to navigate to the location field.

• Choose either All or select a specific location as required.

• Choose Closing Transaction Year:

• After selecting the location, press Enter to move to the closing transaction year (2024-2025).

• The system will automatically set the next financial year’s begin date based on your selection expl: 01/04/2025

• Select Profit & Loss Ledger:

• Use Enter or Tab to navigate to the Profit & Loss Ledger field.

• Choose the appropriate ledger from the options. This ledger will carry forward balances from the previous financial year.

• Enable Force Year End (Y/N):

• If set to Yes, it will carry forward the closing balances of customers, suppliers, and similar accounts as opening balances for the new year.

3. Run Year-End Process  

• Run Year End:

• Once all selections have been made and confirmed, click on the Run Year End button.

• A confirmation message will appear once the process is successfully completed.

By following this, you can complete the year-end process in ServQuick and start the new financial year with accurate records.

For further assistance or questions regarding this process, please consult the ServQuick support team