Update or Retire a Fiscal Year
How to Update or Retire a Fiscal Year in Muhasib ERP
Overview
This guide will help you correct an unused fiscal year or determine whether it can be removed safely.
Update changes the set up period. Delete runs multiple dependency checks and should be treated as irreversible until recovery is proven.
Who can do this
You need access to Fiscal Year Update; Fiscal Year Delete plus explicit financial approval for removal.
Before you start
Back up the database. Review sales, purchases, expenses, vouchers, accounting, stock adjustments, manufacturing, and other records within the period.
Where to find it
Back Office → Essentials Setup → Manage Fiscal Year.
Update or Retire a Fiscal Year
Step 1: Select the exact fiscal year
Step 2: For correction, edit dates/description/status, choose Update, and confirm
Step 3: Do not shorten a range around existing transactions without financial
Do not shorten a range around existing transactions without financial review.
Step 4: For retirement, deactivate it and confirm that it has no
For retirement, deactivate it and confirm that it has no dependent records.
Step 5: Choose Delete only after explicit approval
Step 6: Stop if Muhasib reports any dependency
Check your work
Compare and Confirm period-based reports before and after an approved change. Make sure the intended current year remains active.
If something goes wrong
- Never remove a year to hide transactions or reporting discrepancies.
- If dependency checks disagree with reports, preserve both results for support.