[Line:MyGPLastYear] Field: Short Prompt, MyGPField Local: Field: Short Prompt: Set as: "Last Year GP %" Invisible: $Parent!="Profit & Loss a/c"
Means....you will be setting the GP and NP manually....and all other figures will change accordingly?? In tally also you can have end number of past years, as well as compare with other companies (in case data is split).
Company entries only accounting not a inventory, to set GP % and automatically closing stock calculation. (All Accountants March end time savings)
There is a methodology for calculating Closing Stock.........which is to be followed as per Accounting Standards. Just merely you want so-and-so %age of GP and NP, you cannot adjust the Closing Stock like that.