New Financial Year Roll over plus data entered in new financial year without file being roll over??
Good day MYOB team, can someone assist with my query below: Our year end 31/12/2020 but due to few hiccups, we have not rolled over to new Financial Year till Feb 2021. However our team has b...
Hi relizah
As mentioned by Steven_M , when you run the FY rollover process does not matter. This is because MYOB uses the transaction date to determine the account balance as at a particular date. So if you enter a transaction in Jan 2021 and the transaction date is in Jan 2021, this will not affect the bank balance as at 31 Dec 2020.
If however you enter a spend money transaction in Jan 2021 and the transaction date is 16 Dec 2020, this will affect the bank balance as at 31 Dec 2020.
Hope this helps
Gavin
