Forum Discussion

jlee89's avatar
jlee89
22 days ago

MYOB changing the financial year end date

Hi,

 

I have a client who would like to change their balance date.

We have just completed the year-end process for the 12 months ended 31 December 2023.

The next accounts should cover an 18 months period from 01/01/2024 to 30/06/2025.
Then, back to 12 months from 01/07/2025.

Does anyone know how to change setting or do a roll over to cover 18 months period from 01/01/2024 to 30/06/2025?

Thanks.  

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    21 days ago

    Hi jlee89,

     

    Welcome to the Community Forum!

     

    I understand you're looking for  away to adjust your client's financial year-end date to cover an 18-month period. From what I know, MYOB only allows adjustments for a 12-month period. So, you might need to create two separate financial years in the system and handle the transition manually. For more info, please check out this Help article: Changing the last month of your financial year.

     

    Also, remember to always back up your file before making any changes.

     

    Feel free to get in touch if you need more help.

     

     

    Cheers,

    Princess