Year Begin Process for International customers - RetailEasy OnCloud(TruePOS)
Year End Process indicates that an accounting year for all the financial transactions is ended.
The financial transactions occurring after the Year End Process, will be posted in the new financial year.
Note: Before running the year end process, please make sure the previous financial year transactions are completed. The entries for previous financial year should not be done after the year end process, it will lead to report mismatch.
Menu Access: In Finance and Accounts, click Tools --> Year End Process.
To run a Year end Process
- Press ENTER or TAB in Location and select ‘All’ from the pop-up screen.
- Specify the closing Tran Year or press ENTER to select the closing Transaction Year from the pop-up screen.
On selecting, Next Financial Year Begin Date appears automatically. - Press ENTER or TAB in Profit & Loss Ledger and select the ledger.
- Type ‘N’ or ‘n’ in Force Year End [Y/N].
Force Year End Y/N both will do the same process,
The difference between Y & N is, N refers to, you are attempting year end process first time for the FY 25-25, (i.e - second time you use N and do year process you will get message already year process is completed for the FY 25-25)
Y refers to, you want to do year end again (second time) as you made some modifications in last FY 25-25.
Note - if you made any new opening balance (manual opening balance) for any party in Current FY(25-25) it will show caution message stating you have manual opening balance entry's so after year end process you have to re-enter the manual opening balance for the respect party's
- Click Run Year End.
The following successful message appears after closing the accounting year and press 'OK'.
Year Begin Sequence Changes
Note :
* After completing the yearend process kindly go to TruePOS screen and navigate to the path "Tools --> more --> Add on Services
* Scroll down and click the 'Edit'
* Change the 'Fiscal Year Start' date as current Financial Year date and save the changes.
Note : Once you done the 'Save' in Addon services the 'Fiscal Year End' will automatically change after saving it.
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