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Jun 1, 2010

Activities to be done before Splitting the financial year

The following activities are to be done before splitting the financial year in Tally:
  • Ensure that all the unadjusted gains or losses have been fully adjusted by journal entries.
  • There should not be any pending Purchase bills or Sales bills. If found any then you may account them to the "Bills Pending" Account or respective party accounts.
  • It is not compulsory but it is better to keep a back up of the data which already exists.

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