Setup of Accounting Year



New Features are added in AccountingGuru this month which are

a) Accounting Year

b) Validation of Invoices/Payment. Journal dates against accounting year &

c) Easy navigation from daybook /ledger reports to vouchers.

Let’s see one by one.

Do you have a question in your mind as “Can we setup more accounting year of the company “

Well!, AccountingGuru says “Why not” 

Let’s see the how this can be done

When we login in with our Gmail account, the screen appears to create a company wherein we type the name of the company and click on create. Once we create, the below screen appears  wherein the details of the company are provided under the tab ”Company settings” & under the tab “Accounting Setup” we select the accounting year for which the accounts are maintained.

Creation of the next accounting year is also possible. Once we login, under the settings menu ->company settings->Time Period->Add New Time period tab. When we click on “Add New  Time Period Tab” the below screen appears wherein we can select the accounting year and click on “Add”  Now the next accounting year is added to the company.

For accounting, select the accounting year from the dropdown list and click on the company to account the transactions for the accounting year