Close Database feature in POS smart allows you to close the database that has been currently using and start with a fresh database with same company and business location and with the same data. When you close the database, all financial accounts and stock of the previous database will carry forward the closing balance as opening balances.
When the database is fully closed, number sequence for documents like Sales Invoice, Receive Payment, Sales Return, Received Item Entry Number, Pay Supplier, Purchase Order, Purchase Returns will be set to 1. At any given time you can switch between the database and edit/view the records in the closed database. HPDOS also allows you to make necessary adjustments and print the final reports for the financial year including financial statements, such as balance sheet, profit and loss etc.
This feature will allow you to:
- Close database to avoid large database or to start database for new financial year.
- Bring pending documents from old database to new database.
- Maintain records of all closed databases.
- Easily switch from one database to other.
- Make all necessary adjustments.
- Print the final reports for the financial year, including financial statements, such as balance sheet,profit and loss etc.
