New Financial Year 2025-26 | How to Carry Forward Balances in FY 2025-26 | Invoice Series for New Financial Year

In this new financial year 2025-26 starting 1st April 2025, all balances are automatically transferred to the new year. You can continue entering your data in a new financial year.

1. On 1st April 2025, the new financial year 2025-26 will appear in Settings > General Settings > Select the financial year. You can change the financial year to 2024-25 to view transactions for last year.

For Local or Dropbox Company

2. While creating the first invoice of this year, change the invoice number to INV/2025-26/0001. All further invoices will follow this pattern. Do the same for all transaction types.

   However, if you have enabled single voucher series then change the Invoice number from Settings > Transaction Settings > Voucher series > Change the invoice number to INV/2025-26/0001.

For BKWeb Company
Go to Settings > Transaction Settings > Voucher series > change the invoice number to INV/2025-26/0001 (Same as single series).

3. If you don't want to carry forward closing balances of the previous year's Expenses and Income Accounts, then follow the below steps:

Book Keeper Windows:

a. Go to Settings > General Settings.

b. Disable the option Include Opening Balance Of Income/Expense in Reports?.

Book Keeper Android/iOS:

a. Go to All Reports, on the top right corner you will get the Settings icon, click on that.

b. Disable the option Include Opening Balance Of Income/Expense in Reports?.

Once this is disabled, opening balances of Expense & Income accounts become zero in the new financial year in Ledger Report & Trial Balance. However, the list of accounts will still show last year's balances.

4. If you want to transfer profit to a capital account, please check below link: https://bookkeeperapp.freshdesk.com/a/solutions/articles/1060000149983

Here's a video for your reference: https://www.youtube.com/watch?v=NTf5mcd0FKo

You can also split your company file on New Financial Year it means you can divide the company in two different files (especially into two halves). For example, you have created a company file on 1st April 2024 and it had completed the financial year on 31st March 2025 and today's date is 10 Apr 2025 and now, if you want, you can split the company from 1st April 2019 and continue your work by opening that particular company file.

It will create 2 companies:

01 Apr 2024 to 31 March 2025
01 April 2025 to 10 Apr 2025 (where you can continue your work)