Forum Discussion

dctung's avatar
dctung
Contributing User
18 days ago

Can I undo a close of financial year

I have accidentally closed financial year 2023-2024 which I didn't want to do. Can this be undone? If not, will be I still be able to add a journal entry for 13th period adjustments when I receive these from my accountant? 

 

 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    16 days ago

    Hi dctung, 

     

    I can imagine multiple scenarios where a financial year can be cancelled unintentionally. Currently, the program does not allow undoing this process. This is why there is a prompt to create a backup before closing a financial year. If you created a backup in the process, you can restore it and use the file as it was in the previous financial year. If not, you can still record transactions from the previous financial year. However, reporting periods on some reports may already be fixed for the next financial year.

     

    If you have any other questions regarding this, feel free to let us know.

     

    Thanks,
    Genreve