End of financial year tasks

https://help.myob.com/wiki/x/phIkAw

Close

How satisfied are you with our online help?*

Just these help pages, not phone support or the product itself

0

1

2

3

4

5

Very dissatisfied

Very satisfied

Why did you give this rating?

It's hard to find information

Instructions are hard to follow

Content isn't detailed enough

It doesn't fix my software problems

Anything else you want to tell us about the help?

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.

What you need to do

Complete the tasks listed below to close your financial year and start a new one.

Task
1	Complete the tasks you usually do at month-end.
2	If you track inventory quantities and values, you should perform a stocktake when all transactions affecting inventory for the financial year have been entered.
3	Provide information to your accountant
4	Enter end-of-year adjustments
5	Close the financial year