Start a Post

Calendar Year Financial Statements

Experienced Partner MRM
10 Posts
Experienced Partner

Calendar Year Financial Statements

I'm looking to prepare a set of Calendar Year financial statements for a client i.e. 1/1/2016 - 31/12/2016. For this particular client we would normally prepare financial year accounts. This client also uses a random accounting package and we normally just coded the client net movements for the financial year at 30 June 2016. (one journal dated 30 June 2016)

Firstly, is it possible to prepare calendar year accounts in AO.

If so can i do this within the same client or will it need to be done in a new client so that it doesnt affect the financial year reports?

Currently running AO 2016.2

1 REPLY
MYOB Moderator MattN
556 Posts
MYOB Moderator
Australia

Re: Calendar Year Financial Statements

Hi @MRM

 

Thanks for your question!

 

If you are using workpapers, and you have a period already created for the Financial Year periods, you can still create a Workpaper period for the Calendar year and prepare reports against this period.

 

Simply add a new Workpaper period from the task pane to the left, and you can specify the period when creating.

 

(Note; if you do post journals from Workpapers back to the ledger, then that will affect other Workpaper periods because the source ledger would be the same.)

 


cheers,

Matt
Practice Solutions Product Specialist
MYOB Australia Pty Ltd
Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post