Solved
Prior year adjustments
Is it straightforward removing the lock on entering transactions and making prior year adjustments?
Is there a process/procedure guide for how to do this in MYOB Business?
Forum Discussion
Hi KiwiDK,
It’s straightforward to remove the lock so you can enter transactions dated before the lock date. You just need to head into your settings and untick Prevent changes prior to the lock date. We’ve also got this link that runs through how to remove the lock so you can pop in those prior-dated transactions.
Cheers,
Doreen
Thank you.
As I need to make these changes to the prior year data after year end, is there a need to do anything to rerun year end roll over, or are retained earnings etc recalculated automatically?
Thanks
David
