Is the File online with the Tax Accountant invited to access?
A Tax Accountant should advise a Business Owner and Bookkeeper when the FY is complete so the FY in MYOB can be closed.
Do the MYOB Financials agree with the Financial Reports prepared by the Tax Accountant?
Duncan
I believe the tax accountant did advise the bookkeeper to close the FY in MYOB (22-23), unfortunately, it was forgotten. Yes, the Apr 22 - Mar 23 MYOB Financials agree with the Financial Reports prepared by the Tax Account. Could you please confirm the correct step to move to the next FY (23-24), thanks.
I would email the Tax Accountant, with a current printout of the MYOB Reports for FY23, asking for clearance to close the FY.
Duncan
Thanks, we have double-checked MYOB Financials agrees with the Financial Reports prepared by the Tax Accountant for FY23 (Apr 22 - Mar 23), in this case, can we start next FY24 (Apr 23 - Mar 24, which our Tax Account will start to review) and generate the reports for the period from Apr 24?
Also wish to confirm, that not ticking "Keep Closed Transactions from Prior Financial Years" will not affect our Tax Accountant to review FY24 (Apr 23 - Mar 24).
