3 months ago
Setting monthly period close dates using 5 4 4 weekly accounting cycle
I am new to the role & MYOB.
The business has a 5 4 4 weekly cycle. However they never kept to a regular weekly cycle across years.
How do I & can I define the month end dates for a period?
A PL statement can have a filtered date while a PL Multi period is a filter by month.
For example using a start date of 1/7/24 the first month end date is 4 August 2024
If that is not possable to change and update period dates can I define the period dates in reporting for PL multiperiod
(the 5 4 4 cycle is requires a changes every year to the last day of the financial year and 1 extra week added every 5 years to the last month in the year.)