Schhetri
2 years agoUser
Re: Cloud Version MYOB Year end rollover and P&L accounts
IN MYOB AccountingRight end of financial year does not have to be rolled-over to the new financial year and the balance sheet for the new financial year balances with the retained earnings updated. but With the cloud version of MYOB the balance sheet does not balance and it is out by the profit/loss amount form the previous financial year. You have to rollover the financial year for the balance sheet to balance. Once you roll-over the financial year you can’t post entries for the previous financial year P & L accounts ?