---
title: "FAQs On Change Fy Under Configurations | BUSY Software Help"
description: "Get the helpful guide for FAQs related to Change Fy under Configurations. BUSY Software Help & Support"
canonical: "https://busy.in/faqs/configurations/change-fy/28/"
---

# FAQs On Change Fy Under Configurations | BUSY Software Help

[BUSY FAQs](https://busy.in/faqs/) → [configurations](https://busy.in/faqs/configurations/) → change fy

## When changing financial years, how can I specify which account balance to carry forward?

Please follow the following steps for carry forward of closing balance from last year as opening balance for next year:
Step 1: After finalization of Balance Sheet in relevant previous year go to Administration tab.
Step 2: Then last option of that tab change financial year. Select relevant year
Step 3: A dialogue box appear Carry Balance All Masters, New and change master. Select All master process will start updating balance in next financial year

## Can you please provide the steps to split the company for the year 2023-24?

Please follow the below steps to split the company:
Step 1: Take Backup of all financial year before splitting process.
Step 2 : Open BUSY
Step 3 : Press Enter on Split Financial Year
Step 4 : Select the Company
Step 5 : Select the first or last Financial Year
Step 6 : Click on Split option
Step 7 : Go to Open Company and check the Financial Year is splitted from the company

## How can a user resolve issues with forwarding balance in BUSY Accounting Software?

Please follow the following steps for carry forward of closing balance from last year as opening balance for next year:
Step 1: After finalization of Balance Sheet in relevant previous year go to Administration tab.
Step 2: Then last option of that tab change financial year. Select relevant year
Step 3: A dialogue box appear Carry Balance All Masters, New and change master. Select All master process will start updating balance in next financial year

## Can I carry forward balance from a previous financial year to next year?

Yes, you can forward balance from previous to next financial year by follow these steps:
Step 1: Take the latest backup of your data.
Step 2: Go to administration section then click on change financial year option.
Step 3: Select the current financial year option then select yes for carry forward the balances.
Step 4: Select either all masters or new and changed masters option as required.
Step 5: Click on start tab and complete the process.

## What should I do if I want to do splitting a company?

Please follow the below steps to split the company:
Step 1: Take Backup of all financial year before splitting process.
Step 2 : Open BUSY
Step 3 : Press Enter on Split Financial Year
Step 4 : Select the Company
Step 5 : Select the first or last Financial Year
Step 6 : Click on Split option
Step 7 : Go to Open Company and check the Financial Year is splitted from the company

## How can I remove a financial year from the of the data?

Please follow the below steps to split the company:
Step 1: Take Backup of all Financial Year before splitting process.
Step 2 : Open BUSY
Step 3 : Press Enter on Split Financial Year
Step 4 : Select the Company
Step 5 : Select the First or Last Financial Year
Step 6 : Click on Split option
Step 7 : Go to Open Company and check the Financial Year is splitted from the company

## Process to update to new financial year in BUSY? Backup necessary?

Yes, it is necessary to take a backup before updating to a new financial year in BUSY
Step1: After taking the backup, the process of updating master balances in housekeeping should be run.
Step2: Then, the financial year can be changed in the
Step3: Go to administration section
Step4: select financial year change
Step5: click on New Year from, select balances can be carried forward and run

## Can i create successive or next financial year in BUSY ?

You can create successive and next finanacial year in BUSY and here are the steps :

Step 1: Go to Administration menu
Step 2: Click on change Financial year option
Step 3: Then click on New Year from ( date )
Step 4: Then click on on OK button
Step 5: Then click on Start button
Step 6: Then a confirmation message will appear on the screen and click on OK button

## How to split a Financial Year?

Please follow the below steps to split the company:
Step 1: Take Backup of all financial year before splitting process.
Step 2 : Open BUSY
Step 3 : Press Enter on Split Financial Year
Step 4 : Select the Company
Step 5 : Select the First or Last Financial Year
Step 6 : Click on Split option
Step 7 : Go to Open Company and check the Financial Year is splitted from the company

## I want to enter my financial data for the new financial year - How do I do this in the software?

To enter financial data for the new financial year 2021-2022 in BUSY, you can follow the below steps:
1\. Go to Administration and click change Financial Year.
2\. Select Financial year 2021-22 or if not created then have to create a financial year first.
3\. After the switch the financial year can enter the data in 2021-2022.
Note: Take the latest backup of data before any process.

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