Your business settings, like your organisation's name, contact details and financial year info are stored on the Business settings page. Some of these details will appear on your business documents, including invoices, statements and, if you're in Australia—your pay slips. This is also where you can choose your GST settings, including your business's accounting basis and whether or not you're registered for GST. You might have entered some business details when you started using MYOB. If you need to add more details or change what's there, a user with Administrator access can do it at any time. | UI Expand |
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| title | To enter or edit your business settings |
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| To enter or edit your business settingsClick your business name and choose Business settings. The Business settings page appears. On the Business details tab, enter your business and contact details.
 Image Removed Check your financial year and GST settings as described below. When you're done, click Save.
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| title | To enter or edit your financial year settings |
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| Your business's financial year settings relate to the fiscal calendar used by your business. You'll also have an Opening balance date which is when you'll start entering transactions in MYOB. This information is typically set up when you start using MYOB.  Image Removed
These details can be changed up until you start a new financial year. This is handy if you've started using MYOB in the current financial year but you haven't finalised your accounts for the previous year, or you need to import a prior year's bank statement. To check or change your financial year settings Click your business name and choose Business settings. The Business settings page appears. On the Business settings tab, confirm or update your Financial year details. These details can only be changed until the first time you start a new financial year.
Need to start a new financial year? See our end of year topics for details (Australia | New Zealand). | UI Text Box |
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| | Changing the Current financial year or Last month in the financial year can affect your business's reporting periods. Also, changing the Opening balance date may affect any account opening balances you've entered. So if you're not sure which dates to choose, check with an accounting advisor. |
- In the Lock date section you can set a date to prevent transactions before this date being edited or deleted. For more details see Locking transactions.
When you're done, click Save.
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| title | To enter or edit your GST settings |
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| To enter or edit your GST settingsIf your business is registered for GST: - you can set your reporting frequency and accounting method, and
- your customers' invoices will display Tax Invoice instead of Invoice.
To enter or edit your GST settings Click your business name and choose Business settings. The Business settings page appears. Click the GST settings tab. Select whether or not your business is registered for GST. If you're registered for GST, select your Reporting frequency and Accounting basis. When you're done, click Save.
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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| title | How do I change the last month in my financial year? |
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| How do I change the last month in my financial year?If you've started a new financial year in MYOB, the last month in that financial year is locked. The only way you'll be able to change it is to start a new financial year. | UI Text Box |
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| Check with your accounting advisor! When you change your last month you shift your 12-month financial year period. As such, you'll need to consider when you should make this change and any reporting implications it might have. We recommend discussing it with your accounting advisor before making any changes. |
For all the details see Changing the last month of your financial year. |
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