Recording company income tax liability
Hi, my accountant recently completed my company tax return and advised me it was now safe to roll over the financial year, which I've done. However, I can see that the tax liability hasn't been recor...
Forum Discussion
Hi jonesty
In the new MYOB Business you can still enter transactions in the previous financial year if needed, provided that the dates are not locked.
Typically a financial year should only be rolled over when everything's finalised, which is done via these End of period tasks. If everything balanced out when you rolled over the financial year, please do double check if the tax liability is already recorded somewhere, maybe in a different transaction type. I'd suggest verifying it with your accountant before entering transactions in the previous financial year.
