Does anybody have any list of year end activities to be performed in ERPNext.?
Or is there any standard document which need to be followed?
You should create a new Fiscal Year record and set it in Global Defaults.
And to close accounting, create “Period Closing Voucher” record. Check https://frappe.github.io/erpnext/user/manual/en/accounts/tools/period-closing-voucher
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Do we need to transfer the stock and closing balances to the next financial year?
Regards
Ruchin Sharma
No, balance sheet values are automatically carried forward to the next fiscal year.
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Yes, stock is a part of Asset. Assuming you are using perpetual inventory, otherwise you have to book stock in hand manually.
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