ClayBill tracks your business in Indian financial years — April to March, labeled like "26-27". Every sale, purchase, payment, and receipt belongs to one, and invoice numbers reset to 1 at the start of each year (so "SAL/26-27/0001" and "SAL/27-28/0001" can both exist without clashing).
A year is either Open (you can still record transactions and edit anything in it) or Closed (locked — see the next article). Reports like GST, Stock, and Party Outstanding are all scoped to one financial year at a time, chosen with the year switcher in the top navigation bar.
