Every business has its own financial year or fiscal year to distribute its profit. In WP ERP Accounting, you can set a financial year very easily.
Navigate to WP Admin Dashboard > WP ERP > Settings > Accounting > Financial Year (tab).
Keep in mind the following things on your mind:
- Give a meaningful name so that you can
- Give a start date and end date. We suggest you give a time period of one year or six months for simplicity.
- Create the next financial year using the “Add More” button before the current financial year ends.