Ayee
14 days agoMember
Financial Year Roll Over
I rolled over the FY2025 but the FY2025 Net Profit was carried over and closed to Retained Earnings account on 01 July 2025 which is the beginning of FY2026. Based on accounting procedures this Net Profit shall be closed to FY2025 the least should be closed to Retained Earning account on the 30 June 2025. I contacted the MYOB support group and was advised that this cannot be changed at their end. Can I do the manual reversal and correction.