Changing Company Financial Year in Tally Prime Made Easy

Sir Selvakumar Department Stores
ADDRESS	39X3+37W, Shrinagar, Aranmanai Pudor, Renganatha Puram, Tiruppur - 641652
PHONE	0421 423 7075
MOBILE NO	9875632201
FAX NO	-
EMAIL	sirselvakumardepartmentalstore@gmail.com
WEBSITE	sirselvakumardepartmentalstore.in
GSTIN NO	33XXXXXXXXXX1ZM
PANCARD NO	XXXXXXXXXX

Changing Company Financial Year

01-10-2023 Sold the following Stock item on credit to Home Town Supermarket in cash with Reference no. SSD1040.

Stock Item	Qty	Rate
Basmati (B)	50 Kgs	₹ 120

31-03-2024 Sold the following stock on credit to Home Town Supermarket in cash with Reference no. SSD1041.

Stock Item	Qty	Rate
Basmati (W)	50 Kgs	₹ 120

01-04-2024 Sold the following stock on credit to Home Town Supermarket in cash with Reference no. SSD1042.

Stock Item	Qty	Rate
Basmati (B)	50 Kgs	₹ 120

01-10-2023 Sold the following Stock item on credit to Home Town Supermarket in cash with Reference no. SSD1040.

Stock Item	Qty	Rate
Basmati (B)	50 Kgs	₹ 120

Navigate to Sales Voucher:

Go to Gateway of Tally.
Select "Accounting Vouchers."

Select Sales Voucher:

Choose "Sales Voucher" from the list of voucher types.

Enter Voucher Details:

Set the voucher date as 01-10-2023.

Enter Party Details:

Under "Particulars," select "Home Town Supermarket" as the party account.

Enter Item Details:

Under "Name of Item," select "Basmati (B)" from the list of items.
Enter the quantity as 50 Kgs and the rate as 120 per kg. Tally will automatically calculate the amount as 6000.

Enter Bill-wise Details:

Under "Bill-wise details," select "New Ref" as the type of reference.
Enter the reference number as "SSD1040" and the amount as 6000.

Save the Voucher:

After entering all the sales details, save the voucher.

31-03-2024 Sold the following stock on credit to Home Town Supermarket in cash with Reference no. SSD1041.

Stock Item	Qty	Rate
Basmati (W)	50 Kgs	₹ 120

Navigate to Sales Voucher:

Go to Gateway of Tally.
Select "Accounting Vouchers."

Select Sales Voucher:

Choose "Sales Voucher" from the list of voucher types.

Enter Voucher Details:

Set the voucher date as 31-03-2024.

Enter Party Details:

Under "Particulars," select "Home Town Supermarket" as the party account.

Enter Item Details:

Under "Name of Item," select "Basmati (W)" from the list of items.
Enter the quantity as 50 Kgs and the rate as 120 per kg. Tally will automatically calculate the amount as 6000.

Enter Bill-wise Details

Under "Bill-wise details," select "New Ref" as the type of reference.
Enter the reference number as "SSD1041" and the amount as 6000.

Save the Voucher:

After entering all the sales details, save the voucher.

Changing Company Financial Year

Open Tally Prime software on your computer.
From the Gateway of Tally, press the shortcut key "Alt + F2" or navigate to "Features" in the top menu and select "Change Financial Year."
In the "Change Period" screen that appears, you will see the current financial year's details.
Update the "From" and "To" dates to set the new financial year period. In this case, set the "From" date as "1-4-2024" and the "To" date as "31-3-2025."
Press Enter or click on "Accept" to save the changes.
Tally Prime will prompt you with a confirmation message. Confirm the change by selecting "Yes."
Once confirmed, the financial year will be updated to the new period specified.

01-04-2024 Sold the following stock on credit to Home Town Supermarket in cash with Reference no. SSD1042.

Stock Item	Qty	Rate
Basmati (B)	120 Kgs	₹ 120

Open Tally Prime software on your computer.
From the Gateway of Tally, navigate to " Vouchers" or press the shortcut key "V" to access the voucher entry screen.
Select "Sales Voucher" as the voucher type.
Enter the voucher date as 01-04-2024.
In the "Party A/c Name" field, select "Home Town Supermarket" from the list of ledger accounts.
Under "Sales ledger," choose the appropriate sales ledger.
In the item details section:

Select "Basmati (B)" from the list of stock items.
Enter the quantity as 120 Kgs and the rate as 120 per Kg. Tally will automatically calculate the amount as 14400.

In the "Bill-wise details" section:

Select "New Ref" as the type of reference.
Enter the reference number as "SSD1042" and the amount as 14400.

Review all the entered details to ensure accuracy.
Once you have verified the details, save the voucher by pressing Ctrl + A or clicking on the "Yes" button.