# Auto A/c Balance Transfer To Next Year

**YouTube:** [How to Enable Automatic Account Balance Transfer to Next Financial Year?](https://www.youtube.com/watch?v=stBfHdsD3eY)

## How to Enable Automatic Account Balance Transfer to Next Financial Year?

In this tutorial, we will explore the **Auto Account Balance Transfer** feature in **Logic ERP**, which allows balances to be carried forward to the next financial year automatically. This eliminates the need to manually close books at year-end.

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### **Access the Setting in Logic Admin**

* Open the **Logic Admin Panel**.
* Navigate to the **Global Settings** and click to **Account Voucher**
* Locate the option labeled as: **“Auto Account Balance Transfer to Next Year”**
* This setting comes with a **dropdown menu** offering different transfer methods.
  * **Disabled (By Default)**
  * Transfer BR/BP Wise
  * Transfer Consolidated

<figure><img src="/files/PKXmDT9KGwch0j4zzrxH" alt=""><figcaption><p>As mentioned above, follow the given steps and select the appropriate option from the dropdown as per your requirement.</p></figcaption></figure>

* After selecting appropriate option, **save the settings**.
* **Restart Logic ERP** to activate the changes.

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### **Transfer** BR/BP Wise **Functionality:**

* Log into the **previous financial year**.
* Record a few **purchase transactions** using **Bank Receipt (BR)** or **Bank Payment (BP)**.
* Save the entries.

> **Now switch to the new financial year:**

* Navigate to the **Cash Payment** entry screen.
* Open the **Adjustment Window**.
* You will see that **pending BR/BP entries from the previous year** are automatically available for adjustment.

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### Transfer Consolidated Wise **Functionality**

* Log into the **previous financial year**.
* Enter another **purchase bill** and save it.

> **Now move to the new financial year:**

* Open the **Cash Payment** window.
* In the **Adjustment Window**, observe that the **consolidated account balance** from the previous year has been **successfully transferred** and is available for adjustments.

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### **Conclusion**

The **Auto Account Balance Transfer** feature in Logic ERP significantly simplifies the year-end process by:

* Carrying forward **BR/BP entries** for transaction-level accuracy.
* Optionally transferring **consolidated balances** for streamlined financial management.

This ensures a smooth transition between financial years and reduces the workload of manual ledger closure.


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