Please follow below steps to active new Financial Year.
Ensure March payroll is processed and LOCK PAY PROCESS is done under
In Paybooks 2.0: From Dashboard >> open drop down in Run Payroll button >> click on Unlock
In Paybooks 1.0: Process >> Control >> Payroll
Once the above is checked, then
In Paybooks 2.0: Go to Utilities >> under Manage Financial Year section >> click on Activate Finyear link and Select FY and click on Save
In Paybooks 1.0: Go to Configure menu >> Company Profile >> Click on Setup Rules tab >> Click on Activate Financial Year link >> Select FY and click on Save
Kindly re-login into the application and Switch Financial Year to see the effect.
New Financial Year Switch