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Closing a Financial year - again

NatalieO
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Closing a Financial year - again

I am using Account Right Basics 2021.6.0. I previously closed Financial Year 20/21 and then my Accountant gave me adjustments to make. I was able to enter all the adjustments but now cannot close the year again. Is this possible as I now have quite a few accounts with the same name and its hard to figure out which ones to use in Spend entries?

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Steven_M
MYOB Moderator
43,274 Posts
MYOB Moderator
New Zealand
MYOB Moderator

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Re: Closing a Financial year - again

Hi @NatalieO 

 

With AccountRight 2021 you can only close the financial year once (for each financial year).

 

In saying that, adjustments can be made in a previous financial year if required. If these are done, there is no requirement to close the financial year after that process, the system will automatically update the end-of-year adjustment transaction to cater for those adjustments that have been done in the closed year.

Kind regards,
Steven

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