If your financial year end is 31 March, you may be wondering what steps you need to take to process your year end in MYOB Exo Business. We've compiled some useful resources, including a rollover procedures document, checklist and video to help you complete your financial year end successfully.
Processing your end-of-year rollover is straightforward. It’s not much different than processing the month-end, but there are a few additional steps.
We have prepared an End of Year Rollover Procedures PDF document to step you through the process, that you can download below. There is also a handy checklist and you can watch the video guide.
Year end is a good time to process bad debt write-offs and do a stock take. (It’s important to take a backup before uploading a full stock take. We occasionally get support calls from people who have uploaded stock takes that zero out their stock.)
End of year is also a good time to ensure all of your balance sheet accounts have been reconciled (or put on the list for your accountant to do).
If you are using the Fixed Assets module, you will want to make sure all the fixed assets purchased during the year are created as assets in Exo and that you roll your fixed assets as part of your year-end process. If you are using Analytics remember to create your upcoming year – the help document will take you through the steps to do this.
Don’t forget that all reports can be printed as a PDF. Saving reports electronically will save time and money over printing to paper and filing.
Rollover procedures documentation
Download the End of Year Rollover Procedures PDF and the Checklist PDF from the links below.