Transfer stock to the next financial year

What is Stock Transfer?

Transferring the current year’s stock transfer to the next financial year means recording the movement of shares of stock that occurred in the current financial year, but are intended to be recorded in the next financial year.

How Stock Transfer Works in Munim:

Step 1: First, create the next financial year

Go to the financial year dropdown list, it shows on the left side top corner.
Click on the “+Create Year” option

Now you can see the create year pop-up where Selection is required from the year list which financial year required to be create.

Example: The current selected financial year is 2022-23, now create or select the new financial year 2023-24.

Step 2. Set method for Stock transfer

Now select the previous year from the financial year dropdown list (ex. Select the financial year 2022-23)
Go to Settings and then go to the General Settings option
Click on the “Next Year Transfer” tab.

Note: This feature allows you to effortlessly transfer your yearly stock data to the next year. You can find two options auto and manual. For the first time, you need to manually transfer data. Once you have manually transferred the data to the next year, you can transfer using the auto or manual option whenever needed.

How to stock transfer using the manual option?

This Manual stock transfer option is available and located on the Dashboard page, Item Master page, and Year Transfer page.

Dashboard page:

Step 1. First Go to the dashboard and click on the “View Transaction” link as shown in the below image.

Step 2. Check your data properly and click on the “Transfer” button

Step 3. After clicking on the “Transfer” button a confirmation popup will be displayed asking you whether you want to transfer the data or not. Clicking on the Yes button will transfer all your data to the next year.

Step 4. Now your data has successfully transferred to next year.

Item Master page:

Step 1. First Go to the Item master and click on the “View Transaction” link as shown in the below image.

Step 2. Check your data properly and click on the “Transfer” button

Step 3. After clicking on the “Transfer” button a confirmation popup will be displayed asking you whether you want to transfer the data or not. Clicking on the Yes button will transfer all your data to the next year.

Step 4. Now your data has successfully transferred to next year.

Year Transfer page:

Step 1. First Go to the Settings module and then General Settings. Here click on the “Next Year Transfer” Tab.
Step 2. Click on the “View Transaction” link as shown in the below image.

Step 3. Check your data properly and click on the “Transfer” button

Step 4. After clicking on the “Transfer” button a confirmation popup will be displayed asking you whether you want to transfer the data or not. Clicking on the Yes button will transfer all your data to the next year.

Step 5. Now your data has successfully transferred to next year.

How to transfer data using the auto option?

Go to the Settings module and click the General Settings option
Click on the “Next Year Transfer” button
Click on the Auto option and hit the Save button.

Note: If you make any changes in your previous year’s transaction entry, then a popup will be shown with two buttons, Cancel and Transfer. On clicking the Transfer button your current changes will be updated in your next year’s data. Also, you have to transfer manually while doing it the first time.

Example: Let’s see an example of an item i.e. Wall clock.

Step 1. Check the current year closing stock for the Wall clock

Step 2. Check the next year’s opening stock for the Wall clock

Step 3: Create a new sale invoice for the Wall clock item with two quantities and save the invoice to show a pop-up for Stock Transfer. Click on the Transfer button to update changes in next year’s data.