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With the release of AccountRight 2015.1 comes the ability to roll back a financial year. This can be completed by File>>Close a Year>>Roll Back a Financial Year. Rolling back a year allows for a user to create new transactions and reverse (not edit or delete) existing transactions. We would encourage you to discuss with an accountant in regards to whether this process for your requirements.
Help Article: Rolling back a financial year has more information in regards to this feature and AccountRight 2015.1 now available has more information in regards to the obtaining AccountRight 2015.1