It is that time of year again – End of Financial Year for those Australian companies with a 30th June year end.
All of our MYOB EXO Business clients will be emailed with instructions on the processes to run for the end of financial year.
Please note that after running EOFY processes you can still process transactions back into previous periods and financial year and the retained earnings account in your General Ledger will automatically update in EXO for the current year. Data integrity is still controlled by the locking of periods.
If you have the Fixed Assets module, please do not forget to run and save all relevant reports and then roll into the new financial year. Unlike the EXO Finance general ledger you cannot print prior year reports in the Fixed Assets module. You should do these processes before adding any new July transactions and calculating the July depreciation.