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LawrenceLiu's avatar
LawrenceLiu
Contributing User
3 years ago
Solved

Previous years Beginning balance for Income/Expense account shown in Find Transactions

Hi there,   I am using the latest version of MYOB acountRight and just picked up the following issue:   We closed FY2020. When I look at income/expense transactions for FY2020, there is 0 beginni...
  • Steven_M's avatar
    Steven_M
    3 years ago

    Hi LawrenceLiu 


    Based on your earlier post you closed the 2020 financial year, which would put you into the 2021 financial year which runs from 01/07/2020 - 30/06/2021 (the end that the financial year actually ends is that financial year date). 


    As a result, when you are running with the date of 01/07/2019 - 30/06/2020 this would be a previous financial year and thus have that opening balance. When you are running for the current financial year (from 01/07/2020) you have the beginning balance set to be 0.00.