Here user can learn about “Difference between Financial branch wise period and Financial period“:

EFM 1.0 has only Financial Period master whereas EFM 2.0 has? Financial branch wise period too. Below we will see the difference between both menu.

Financial Period:

  • Click the Accounts menu.
  • Click Financial Periods.

  • Here once close the financial period for a single branch, the other branch user can not update any transaction activities after the period is closed.

Financial branch wise period:

  • Click the Accounts menu.
  • Click Financial branch wise period.

  • Here, the user can close the financial period branch wise.
  • When financial period is closed for a single branch, it applies only to that branch and will not affect other? branches.