Substituted Accounting period that does not start on the 1st

Question

Hi,&nbsp;I am setting up new MYOB business file for a sports club which has a financial year that begins on 16 October and ends 15 October.&nbsp;How do I set that up?&nbsp; There is no option to enter a date as it defaults to the 1st of October.&nbsp;The committee needs to produce financial reports (profit and loss and balance sheet) that has the financial year of 16th October to 15 October.&nbsp;&nbsp;

yanike_s · Answer

Hi&nbsp;judyctan&nbsp;
&nbsp;
Thanks for your post. MYOB Business&nbsp;will only allow for a financial year to have an as of date to be a month rather than a set date i.e. mid-month.
&nbsp;
If you do need to see Profit and loss report and the Balance sheet for a particular date range you could run these reports with custom dates.

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Substituted Accounting period that does not start on the 1st

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