Create and Activate a Fiscal Year
How to Create and Activate a Fiscal Year in Muhasib ERP
Overview
This guide will help you create a fiscal-year date range and make it the active year used by needed Muhasib transactions and reports.
The fiscal year becomes available for transaction check, stock adjustment, accounting, and reporting. Activating it can deactivate the previously active year.
Who can do this
You need access to Fiscal Year and Fiscal Year Add.
Before you start
Confirm the organization's approved financial year dates and whether another year is active. Back up the database before changing live financial settings.
Where to find it
Back Office → Essentials Setup → Manage Fiscal Year.
Create and Activate a Fiscal Year
Step 1: Choose New Record
Step 2: Enter Start Date and End Date
Step 3: Enter a clear Description
Step 4: Turn Currently Active on when this year should be used now
Step 5: Choose Save
Step 6: If Muhasib reports another active year, confirm the switch only
If Muhasib reports another active year, confirm the switch only after checking current operations.
Check your work
Reopen Fiscal Year Records and confirm the dates/status. Create no financial data solely for testing; use approved sample transactions and reports.
If something goes wrong
- Correct reversed dates before saving.
- If an active year is already correct, do not confirm replacement.
- A missing active year can block transactions and Day End.
Related guides
- Change the Active Fiscal Year
- Update or Retire a Fiscal Year
- Start a POS Working Period
- Complete Day-End Activity Safely