3946 views Overview
This feature transfers the previous financial year’s closing stock to the opening stock of the next financial year. Users can choose Manual or Auto transfer.
Why Use This Feature?
- Carry forward inventory to the new financial year.
- Avoid manual opening stock and balance entries.
- Keep inventory records and balances accurate.
- Supports both Manual and Auto transfer.
Create the Next Financial Year
Steps
- Open the Financial Year dropdown from the dashboard.
- Click Create Year. Select the New financial year. Click Create Year.
Configure Next Year Transfer Settings
- Switch back to the previous financial year.
- Go to Settings → General Settings.
- Open the Next Year Transfer tab.
- Choose either:
- Auto
- Manual
- Save the settings.
Important Note: For the first transfer, stock must be transferred manually. After that, you can use Auto or Manual mode whenever required.
Manual Stock Transfer options
The manual transfer option is available from:
- Dashboard
- Item Master
- Next Year Transfer in General Settings
Method 1 – Dashboard
- Open the previous financial year. Click View Transaction from the dashboard notification.
Method 2 – Item Master
- Open Item Master. Click View Transaction.
Method 3 – General Settings
- Open Settings → General Settings → Next Year Transfer.
- Click View Transaction.
Transferring the Balances on the transfer page
- Compare Old Opening and New Opening quantities.
- Review Balance Transfer and Stock Transfer sections.
- Click Transfer.
Confirm Transfer
- A confirmation pop-up appears. Click Yes to transfer the stock.
- Your balances have been transferred, and you can compare the previous year’s closing stock with the new year’s opening stock for verification.
Auto Stock Transfer
To enable automatic stock transfer:
- Go to Settings → General Settings.
- Open the Next Year Transfer tab.
- Select Auto for Stock Transfer. Click Save.
Note: For the first time, you need to transfer data manually to the next year; after that, you can transfer using the auto option on every new transaction in the previous year.
Opening Balance Validation in auto mode when creating transactions
When saving a Sales Invoice after stock transfer, a Stock Change popup appears.
The popup displays:
- Old opening of account balance and stock qty that are used in this transaction.
- New opening of account balance and stock qty going to update after saving this transaction.
Click Accept & Continue to update balances accordingly.
Verify the Transfer
- You can verify the transferred stock through various reports like Stock Valuation and Stock Summary Reports.
- For example, you can verify the transferred stock using the Stock Valuation Report.
Step 1
- Open the previous financial year‘s Stock Valuation Report and note the closing stock.
Step 2
- Open the current financial year‘s Stock Valuation Report and verify the opening stock.
- The opening quantity should match the previous year’s closing quantity.
Important Notes
- The first stock transfer must be completed manually.
- Auto transfer updates stock whenever transactions change in the previous financial year.
- If previous year transactions are modified, you must transfer the updated stock again (or use Auto mode).
- Always verify the transferred stock using the Stock Valuation Report before working in the new financial year.
Need Assistance?
If you face any issues while transferring stock to the next financial year, contact the Munim Support Team.
