Create New Audit moves you on to the next audit period. A new database has been created and you
can enter the end date and audit date (the day on which the stocktake is done). Once the dates are correct, click on the Transfer Closing Stocks button and the closing stocks from last period will be moved into the opening stocks for the new period.
If you are preparing for the start of a new financial year, you should select the Start of Year setting for the Audit Type.