Purpose:  

This document serves as a guide to performing the year-end process in AccountsEasy on TruePOS Cloud. If you have any backlog entries, complete them before proceeding with the year-end process.

The closing balance of the previous financial year will be carried forward as the opening balance for the next financial year.

Prerequisites: Verify and complete any pending entries before initiating the year-end process.

Steps to Perform Year-End Process:  

Step 1: Go to the Finance and Accounts module. Under the Tools option, select Year-End Process.

Step 2: Select the location. Press Enter or Tab on your keyboard, then choose All or a specific location.

Step 3: Press Enter on your keyboard to select the closing transaction year. The next financial year-begin date will be set automatically.

Step 4: 4.On selecting, Next Financial Year Begin Date appears automatically.

Step 6: Enable Force Year End (Y/N). If YES, confirm in the pop-up to carry forward closing balances of customers, suppliers, and the like as opening balances for the new year.

Force Year End – Y / N

Both Y and N will execute the same Year End process.

Note:
The difference between Y and N is:

• N should be selected when you are attempting the Year End process for the first time for the financial year 2025–26.

• If you attempt to run the Year End process again using N, the system will display a message stating that the Year End process has already been completed for that financial year (e.g., “Year End process is already completed for FY  25-26”).
  

Step 7: Click Run Year End to finalize the process. A confirmation message appears, indicating the successful transition to the new financial year.