A Financial Year is a period of twelve months, used by government, businesses, and other organizations in order to calculate their budgets, profits, losses, and other transactions.

To set the Financial year, follow the below steps.

1. Click the User name on the top right corner of the screen. The setting option is given on the drop-down list.
2. Click the Setting option, the user setting panel is opened on the screen.
3. Change the required financial period in the Period field.
4. Click the Save button to set a new financial period. Check the financial period given below the Organization’s name to confirm the new period.
5. The new financial period is set now, for every year the financial period needs to be changed as per the organizational requirements.