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This section describes the tasks you should perform at the end of your financial year.
Note that you don’t need to close your financial year at any particular time. You can continue to use your company file after the last month of your current financial year.
Previously used AccountRight v19?
In AccountRight v19 the function was called Start a New Financial Year, but closing a year is probably a more accurate description.
Complete the tasks listed below to close your financial year and start a new one.
If you track inventory quantities and values, you should perform a stocktake when all transactions affecting inventory for the financial year have been entered.
Do you pay employees? Learn about closing a payroll year.
Need more help? Visit our EOFY Hub
End of period procedures
Closing a payroll year
End of financial year guide (PDF)
End of payroll year guide (PDF)
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