How Can I Transfer the Closing Balance and Stock to a New Financial Year?

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Transfer Closing Balance and Stock

Step 1: Open Next Year Transfer Settings

• Open the previous financial year.
• Go to Settings → General Settings → Next Year Transfer tab.

Here you click on the View Transaction option in the lightred-coloured attention banner.

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Step 2: Perform Balance/Stock Transfer

• Review the Old Opening and New Opening values for account balances and stock.
• If any items have negative stock, enable the Negative Qty Allow option where required.
• Click the Transfer button in both:
  • Balance Transfer section
  • Stock Transfer section

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• Once you have clicked the Transfer button in either section, the updated data will be successfully transferred to the new financial year.

Transfer Methods

Select the preferred transfer mode:

• Manual – Review and transfer balances and stock manually.
• Auto – Automatically transfer balances and stock for supported financial years.

Note: To enable the Auto Transfer feature, you must first complete the initial balance transfer using the Manual option. Once this is done, any subsequent changes made to transactions in the previous financial year will trigger a balance change pop-up to update your records automatically.

Related Helpdesk

For a complete step-by-step explanation of manual and auto transfer in this related helpdesk, refer to:

• Transfer to the Next Financial Year

Important Notes

• Auto Transfer is available only between the previous financial year and the immediately next financial year.
• For transfers across older financial years, use the Manual transfer option.
• Review all balance and stock changes before clicking Transfer.
• Use Negative Qty Allow only when transferring items with negative stock balances.

Need Assistance?

If you face any issues while transferring balances or stock to the next financial year, please contact the Munim Support Team.