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MYOB v18.5 Wrong dated transaction before rollover

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Rumoes
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MYOB v18.5 Wrong dated transaction before rollover

Need help!

 

Run on a cash basis, financial year jan-dec.

 

We inputted some transactions into january 2015 before we did rollover (i know, not smart hey). Unfortuneately we posted 3 cheques but dated them 2014 not 2015.

 

Now that we have performed rollover I cannot go back and edit nor can I post a reversal to a prior year.

 

How do we remove the incorrect cheque from the bank rec without effecting the current year opening balances.

 

All adivce welcome Smiley Happy 

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Former Staff Sebastien_D
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Re: MYOB v18.5 Wrong dated transaction before rollover

Welcome to the Community Forum @Rumoes, we hope you find it beneficial for your MYOB queries.

The only way the data can be recovered in the previous year and removed is if you restore a backup. Was a backup made before the rollover process? If not, there is no way to remove the cheques and you will need to post entries the effecting accounts to correct the opening balances.

Please let us know how you go as we are happy to assist further.

Kind Regards

Sebastien
MYOB Client Support


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Rumoes
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Re: MYOB v18.5 Wrong dated transaction before rollover

Thanks for the response @Sebastien_D  Smiley Happy

 

I feared that I was not going to be able to alter the transactions.

 

Whilst we did have a backup at the time, we have since made further backups (which have replace older ones) which means we cant go back to 31/12/14 befiore the rollover.

 

So I guess running journals is our only option.

 

As I dont want to make this mess even worse, what are the basic entries I should be posting after I clear the old, incorrect cheques off the bank rec?

 

Many thanks for your help!!

 

 

MYOB Moderator CloverQ
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Re: MYOB v18.5 Wrong dated transaction before rollover

Thank you for the update @Rumoes

 

When backing up company files, I would definitely suggest keeping them as separate copies. This way you can restore files from different years to check information at that time, or generate certain reports.

 

I'm not sure if you are aware, the last version of the new AccountRight 2015.1 introduced this new feature which allows you to roll back one financial year. This allows accountants to go back one year if they do need to fix some mistakes. You can upgrade to 2015.1 with an active subscription.

 

If you do not wish to upgrade, I would suggest speaking to your accountant to work out best way to handle this issue for your business, and how to record the journal entries.

 

Please feel free to post again if you have more queries.

Cheers,
Clover

MYOB Community Support

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Rumoes
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Re: MYOB v18.5 Wrong dated transaction before rollover

Many thanks @CloverQ. Very helpful.

 

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