Start a New Financial Year

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Experienced Cover User
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Start a New Financial Year

Hi

We want to update our system for our invoices to reflect 1819......... new finanical year.  Can you please advise the steps to undertake this.

Account Right 2018.2

Cheers

Thanks

Kylie

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Ultimate Partner
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Re: Start a New Financial Year

Hi @ihearne - here's a link to your upgrade options , which includes instructions.

 

Kym Yeoward, Darwin

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Ultimate User
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Re: Start a New Financial Year

Hi @ihearne

 

Your posts is tagged as AccountRight Classic (in other words v19) yet your post includes a reference to AR2018.2.

 

Irrespective of these inconsistencies, there is nothing you need to do to record invoices in the new financial year. MYOB will use the date of the invoice to determine which financial year the invoice belongs to.

 

I would strongly advise against changing your financial year at this stage. This should only be done in consultation with your accountant or bookkeeper and only after they have completed everything for the 2017/18 accounts, including tax returns, BAS, and bank reconciliations etc.

 

Regards

Gavin

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Accepted Solution Solved

Re: Start a New Financial Year

Hi
We just want the invoices to start with 1819. Currently still start with 1517
Thanks
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Re: Start a New Financial Year

Hi @ihearne

 

Simply enter you next Invoice number for example 18190001 and record your invoice. On the next invoice MYOB should use 18190002, if not manually enter again. After manually updating once or twice MYOB will get the idea and keep going with your new numbering system. This is unrelated to the current FY in your file.

 

Regards

Gavin

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Experienced Cover User
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Re: Start a New Financial Year

Thanks Gavin

Cheers

Ian

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