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FOODY's avatar
FOODY
Contributing User
17 days ago

FY ROLLOVER AND BAS PREPARATION

Not sure if i need to rollover and backup.

I do BAS REPORTS so only want actual data for the quarter.

We had to do this with MYOB V 15 but this is webbased.

 

I know its a basic question.

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  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    17 days ago

    Hi FOODY, 

     

    Thanks for the post. AccountRight is set to work relatively the same as the legacy AccountRight application. To answer your question, yes you will need to rollover the financial year for you to choose the right financial year in the Online BAS window. Additionally, there is a forum post with a similar question to yours: https://community.myob.com/t5/AccountRight-Accounting-BAS/BAS-financial-year-has-not-updated-in-prepare-BAS-screen-for/td-p/773332

     

    If you require further help or have any other questions, feel free to let us know. 

     

    If my response has answered your inquiry, please click "Accept as Solution" to assist other users find this information.

     

    Thanks,

    Genreve

    • gavin12345's avatar
      gavin12345
      Ultimate User
      16 days ago

      Hi FOODY 

       

      I would also strongly recommend you create a backup before any major change such as a FY rollover. If the AccountRight file is online, the backup can take awhile and all users must be logged out. 

       

      While MYOB does do weekly backups of online file, and you can purchase a backup in a worst case scenario, that backup might not have happened on the correct date and so you may have some transactions missing - best to make your own.

       

      Regards

      Gavin