Forum Discussion

KiwiDK's avatar
KiwiDK
Member
28 days ago
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? 
  • Doreen_P's avatar
    Doreen_P
    26 days ago

    Hi KiwiDK,

     

    You're welcome! Once you enter your prior-year changes, retained earnings and related balances are recalculated automatically.

     

    Cheers,

    Doreen

KiwiDK's avatar
KiwiDK
Member
27 days ago

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 

Doreen_P's avatar
Doreen_P
MYOB Moderator
26 days ago

Hi KiwiDK,

 

You're welcome! Once you enter your prior-year changes, retained earnings and related balances are recalculated automatically.

 

Cheers,

Doreen

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