Vouchers and Receipts

Managing Financial Vouchers and Posting

Year End Process guideline in Cloud Campus ERP Finance Software for Schools, Colleges, and Universities

Last Update: 28 Jun 2024

Performing the year-end process in a Cloud Campus ERP finance application involves several steps to ensure a smooth transition from one fiscal year to the next. Here’s a structured guide on how to use the finance application for this purpose.

Step 1

Step 1
- Follow the main menu click on voucher & receipts then click on year end process

Step 2

Step 2
After clicking on year end process the page will appear where you can select retained earning account & next fiscal year. Click on save button after selection.

Step 3

Step 3
After clicking save button here click to generate fiscal year entries.

Step 4

Step 4
Confirm the message to generate fiscal year entries to move forward.

Step 5

Step 5
Here you can see the entries of fiscal year. To approve it click on the selected link.

Step 6

Step 6
Once you approve the entries confirm and move to the next step.

Step 7

Step 7
To process the closing entries select retained earning account and new fiscal year. Post the financial entries it will close the existing financial year.

Step 8

Step 8
Click on confirm to post the closing fiscal year.

Step 9

Step 9
After closing here on opening balance tab these are the closing balances of Assets, Liabilities and Capital account that will move forward to the new fiscal year as an opening balances automatically.

Step 10

Step 10
To complete the year end process click on confirm button so that balances shall move as an opening to the new fiscal year.

Step 11

Step 11
On this page list of opening balances appears and these balances are moved to new fiscal year automatically.

Step 12

Step 12
To check the new opening balances click on dollar sign on top right and change the fiscal year.

Step 13

Step 13
This is the opening balance page in new fiscal year. Here same balances has been moved automatically from old fiscal year to new fiscal year.

Step 14

Step 14
This the trial balance of new fiscal year. Once opening balances has posted it has been appeared in reports.

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