Friends, Today is 30th March, 2013 and end of Financial Year is too much near. it requires change of Financial Year in all accounting software. I have come to notice that many tally users create New Company for new Financial Year whereas there is no need to do such type of creation. Multiple data of Financial Years can be stores in a single company in tally.
Last year I had received some queries regarding loss of data due to change of financial year. Therefore it is very much important to know how to create new financial year in Tally software. Generally users think that "Financial From " or "Books beginning from" are the options to change financial year which is wrong. Anyone should not change screen of "Gateway of Tally" to change the Financial Year in tally as shown in below picture.
To change Financial Year in tally First take backup of your all data and then Press Alt+F2 from Gateway of Tally and change Financial Year.
(Picture view is also given below)
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