Please follow the below steps to activate the new Financial Year.
Ensure March payroll is processed and LOCK PAY PROCESS is done
Click on Dashboard
Click on the drop-down next to 'run payroll'
Click 'Unlock'
Once the above is checked, then
Go to Utilities >> Manage Financial Year
Click on 'Activate New Financial Year '
Select FY
Click on 'Save'
New Financial Year Switch
Re-login into the application and Switch Financial Year to see the new FY.
New Financial Year Switch