Please note that this task requires single-user access. See Single-user file locking for more information.
Warning: Make a backup before closing the financial year!
It's very important that you make a backup before continuing. After you start a new financial year, the only way to view the detail of transactions that were purged from the company file during the start a new year process is to restore a backup of the company file. |
Warning: Financial years probably shouldn't be changed
Once you've established your financial year, you are legally limited in your ability to make changes to it. For example, if your financial year begins on 1st February, you may not be able to move it to 1st March. Consult your accountant or an MYOB Certified Consultant before considering any such change. (To locate an MYOB Certified Consultant in your area, see "MYOB Accounting Plus Products and Services" in your Getting Started manual. |
Note: Optimising and verifying may take a while
The amount of time needed to optimise and verify a company file for use with MYOB Accounting Plus depends upon the size of the file and the capabilities of the computer you're using. If you have a very large company file and a slower computer with little memory, be prepared for optimisation and verification to take some time. |
See also: