To switch the financial year, follow below steps

Path in Paybooks 2.0:

Click on the first dial icon on the top right corner of the screen, there click on Change Financial Year option


Go to Utilities >> under Manage Financial Year >> click on Switch FinYear link

Select the Financial Year from drop down field

And then click on Switch button

Path in Paybooks 1.0:

Click on the drop-down list available on top of the screen.