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Close financial year

PriscillaNT

Hi there,

I'm the new bookkeeper for our company. I've just closed off our financial year from 2019-2020. However, I note that from 2018 onward, all transactions can still be changed. I thought closing off our financial year would change this, but it hasn't.

I've closed MYOB and restarted both my computer and MYOB itself, but that hasn't seemed to solve the problem.

Can anyone help?

Thanks,

Priscilla

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Accepted answers

Komal_S

Hi @PriscillaJ

Unfortunately, at this stage, locking the period is the only alternative as that will give an error message when someone tries to change a transaction in that period.

The arrows might be blue for few transactions in the lock period, but when an attempt is made to change them, the following error will be displayed and change will not be recorded:

Please feel free to post should you have any concerns.

All comments

PriscillaJ

Hi Sue,

Thanks for your response

While this is useful information, it doesn't seem to be quite what I am looking for. Just to clarify, I've closed off a financial year, but the transactions within that year still have blue arrows next to them, meaning they can be changed. I'm looking for a way to make the arrows grey.

Thanks

Priscilla

Sue-AFSL

Hi Priscilla

Hanging around waiting on my own answer!

In your Set up menu under preferences - on the security tab you can lock Period to prevent entries prior to a date of your choosing