Starting New financial year

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Contributing Partner anand1
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Starting New financial year

Hi everyone,


As Financial year coming to an end, how to start new F.Y. in MYOB essentials? Can I continue with the same file with previous year balances or need to creat new file. 


Could not find the option of 'start new financial year' in essentials.



MYOB Moderator Steven_M
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Accepted Solution Solved

Re: Starting New financial year

Hi @anand1

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge

There is no need to "roll" or close the financial year in MYOB Essentials. This process will be completed by the program for you.  Having said that you might want to take a look at Help Article: End of financial year in Australia to make sure that you have completed the recommend end of year tasks

Do let us know how you get on and if you require further assistance

Kind regards,

MYOB Community Support

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