MYOB Guru...anyone??

[stevo68]

G'day All,

I have MYOB Business Basics and I am trying to get on top of a few things, one is I have to enter an adjusting journal. The date to do it is 30 june 2007, however it wont let me put it in, keeps saying it cannot enter transactions before the beginning of your financial year. What do I do as I want to close off 07/08 and start entering data for 08/09? Any help would be exceptionally appreciated before I have an anurism,


Regards

Stevo

[The ho har's]

Gee Stevo I hope you haven't had an Anurism:( waiting for a reply;) seems no one can help:( If you did the old fashioned way I could help:p


Mrs ho har:angel:

[incisor]

have you closed that year off?

if so i dont think it will let you near it...

if you havent then it should be a straight forward journal entry i would have thought...

[mns488]

Hi Steve, I'm no MYOB expert but I don't think it is possible to back date transactions.

One option to consider:

Not roll over to 08/09 just yet;
Get your accountant to do the 2008 accounts and (get new year end adjustment journals incorporating the 2007 adjustments) enter the adjustment journal as at 30/06/08 and then roll the accounts into 08/09.

not rolling into 08/09 now doesn't really cause any problems other than being a bit slower.

do not enter the adjustment journals at 1/7/07!

[Basil135]

I am no MYOB expert either, but one trick that works with date locked PDF files, is to change the date of your computer. So, if you make your computer date something like 30th June 2008, enter your data as needed, MYOB shouldbe ok with it.

When you are finished, just change your computer date back to today, and there you have it.

Hope it helps...










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[stevo68]

Thanks for the info......just got off phone from accountant and he said to leave it....I had locked off 06/07 ages ago, so apparently very messy to go back. Said just to leave it open....I can run 3 consecutive yrs without closing...so deal with when I get my 07/08's done. Thanks again and now back to inputting data...aaarrrggghhhhh. Also tried changing date on puter to see if would work....nope...not with MYOB by the looks of it,

regards

Stevo

[Tusker]

A few thoughts..

1. The 07 year is closed. You've got to reload a backup of 07, do your entries, print a trial balance, back it up again, the adjust your current file opening balances to agee to the printed trial balance.

2. Why are you backdating entries. Try not to, it might make the BAS for that period wrong, and it makes reconciling BAS's hell.

3. For the future - forget Business Basics. Its not an MYOB programme. Its a package MYOB bought & stuck their interface on. For the price of the proper V18, you're crazy not to go with that. Then you can have several years open at once, you can now amend old bank recs etc etc.

4. Alternately Banklink we find is a much better option than Business Basics, depending on what you want to do of course.

Regards
Max P