Financial Year & Books Beginning from

Did you know the difference between the Financial Year from and Books
beginning from fields in the Company Creation screen?

Financial Year From: This field indicates the commencement of the financial year
for a company, in this case, 1st April 2009.

Books beginning From: The date entered in this field will restrict the user from
passing any entry prior to the date mentioned. In other words, vouchers cannot be
recorded prior to 1st July 2009, though the financial year begins from 1st April 2009.