Fiscal Year
Fiscal year, which is also called a financial year, is a 12-month accounting period that an From the discount and scholarship options we can define the discount and scholarship which needs to be provided to the students. From this option, we can define discounts and organization uses for financial and tax reporting purposes. The fiscal year always starts from the Current year Ashad 1st ko next year Shrawan Last.
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How to Setup a Fiscal Year? Ans: Go to “Fiscal Year” inside “Setup”. When the current fiscal year ends on the righthand side, the “Close Current Fiscal Year” option appears. click on it.Then type the new fiscal year’s name, select the start and end date of the fiscal year (i.e. start of Shrawan to end of Ashad next year), and click submit to save. Then on the fiscal year list activate the newly added fiscal year and refresh the page. |
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