MYOB essentials period lock

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Contributing User bluecloud
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MYOB essentials period lock

Hello,

 

Just wondering if I lock a period are the transactions perged or can I go back and unlock it and see all transactions again?

Thank you

Kim

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Ultimate Partner Dee-Workman
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Re: MYOB essentials period lock

Hi @bluecloud

 

Locking a period in Essentials places a temporary lock on the period up to and including the month you selected. If you need to create, edit or delete a transaction in a locked period at a later time—for example, you locked the period from March 2015 and now want to create a transaction in February 2015—you can unlock the period.

 

If the period is locked, you are still able to view the transactions, just not edit them unless you unlock.

Ultimate Partner DuncanS
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Re: MYOB essentials period lock

@bluecloud

 

Kim,

 

Once a BAS is lodged, the period should be locked.

Thus, the locked period is updated quarterly.

 

I use the Company Data Auditor for a quick review of the MYOB Data File.

 

I suggest that transactions in a locked period not be changed.

 

Entries are purged once the FY is rolled over.

You can choose to keep prior years with MYOB during the rollover process.

 

It would be useful if MYOB provided a 5 year Profit & Loss.

 

Hope this helps.

 

Duncan 

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
Contributing User bluecloud
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Re: MYOB essentials period lock

Thank you Duncan Smiley Happy

 

Contributing User bluecloud
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Re: MYOB essentials period lock

Thank you so much Dee Cat Very Happy

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