The setting of the First Financial Year is important in order to ensure the accounting processes of the EMP are handled properly according to the stated financial year. This procedure is carried out in the Accounting module, under the Configuration section. On this page, select Financial Year Maintenance and you will be able to specify the start and end date for the financial year. Do take note that once the financial year has been set, it cannot be changed anymore, so please take extra care when filling up this form.

Adding Financial Year

Go to DEVELOPER tab > (Accounting Config) Configuration > (Financial year) Add Financial year