Carry Forward your account to the next year

 Introduction

Either Business or your personal account you have to carry forward your account to the next year and closed your last year account. You can carry forward your account in a very simple way. In your Balance Sheet you have come to know that before carry forward the account to the next year, I had closed my previous account and now there is no account is showing in the Liabilities side


Now, you are ready to carry forward your account to the next year. For this follow these simple steps:

1.  Click on Period button (Right Hand Side of the screen) or just press Alt+F2 from the keyboard to change the year.



2.    This will open the change period window:



3.    Enter the year i.e. a22. 'a' is for April

4.    In the “To” box enter the next year i.e. m23. 'm' for March because the financial year held April 2022 to March 2023.

5.    As soon as you press enter, the year has been changed in the left top side of the screen:


6.    Now have a look at the Balance Sheet. Your closing account of the last year will be the Opening account of the next year:


You can also see the video regarding 'Carry Forward the 

account'


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