Here are the steps for Year End Process. To learn more, you can also watch this RADIX Online tutorial video:

Year End Process

For Year End Process in Radix,

1. Go to Utilities > Company > Year End Process.

2. Year-End Processing form will open.

3. Enter fields such as:

Code - This field will be entered automatically by the software. However, if you want, you can change it.

Begin Date, End Date - Here, begin and end dates of next financial year will be entered automatically by the software.

Close Books of Accounts - Tick this option, if you want to close the current company, otherwise skip and proceed.

Please note, once the company is closed, you will not be able to make any changes in this company.

To enable changes, you need to first undo Close Books of Accounts through, Utilities > Company > Undo Close Books of Accounts.

4. Click on OK button. Year-End Process will be done.

5. New Company will be created. You can now proceed with your work in the next financial year.