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Casperpng's avatar
Casperpng
Contributing User
2 years ago

Closing several prior Financial Years from 2018 upwards to 2022

Hi I have one data file that has not been closed since 2018. How do I close off each financial year for 2018, 2019, 2020, 2021 and 2022?   I am currently using MYOB in 2023 and when trying to clos...
gavin12345's avatar
gavin12345
Ultimate User
2 years ago

Hi Casperpng 

 

To see the current financial year, see Setup Company Information. If this shows 2023, all previous years have been closed. - perhaps by another user.

 

Regards

Gavin

  • Casperpng's avatar
    Casperpng
    Contributing User
    2 years ago

    gavin12345 

    Is there a way to open the closed accounts?

    • gavin12345's avatar
      gavin12345
      Ultimate User
      2 years ago

      Hi Casperpng 

       

      Please explain with an example what you are trying to do, also what version of MYOB you are using (see Help > About AccountRight).

       

      When you rollover from one financial year to another (or close a financial year), this of itself does not remove any transactions. So you should be able to view the transactions from a prior year (closed year). Some versions of MYOB allow you to 'purge' closed transactions of the previous year when you do the FY rollover. Or you can choose to keep them. If the transactions have been purged, then you cannot view them. You would need to restore a backup from that period.

       

      Regards

      Gavin

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