Once the New Financial Year is activated, you can switch from the Old Financial year to the New Financial Year.
On the Home page, click “Transactions”.
Click “Manage Financial Year” under “Utilities”.
Click “Switch Financial Year” under “Configure”.
Select the year from the drop down.
The Dashboard will reflect the New Financial Year.
You will now be able to process the payroll for the first month,i.e April of the new Financial year