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This menu option in BUSY allows you to create a new financial year for your business accounting. It keeps all the accounts of the previous year separate and transfers the balances to the new year automatically. This way, you can start fresh with a new ledger and avoid mixing up transactions from different periods. The accounting year varies depending on the country where you operate your business. In India, it is from 1 April to 31 March of the next year, and in a few other countries, it is from 1 January to 31 December of the same year. You can choose the accounting year that suits your business needs and preferences.
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