End-of-period procedures
> Starting a new financial year
Starting a new financial year
With software you don’t need to close your financial year at any particular time. You can continue to use your company file for up to twelve months after the last month of your current financial year. AccountEdge software allows you to track information from previous, current and next financial years.
Complete the tasks listed below to close your financial year and start a new one.
Task
1
Complete month-end tasks
2
Perform a stocktake
3
Provide information to your accountant
4
Enter end-of-year adjustments
5
Back up your company file
6
Start a new financial year
7
Optimise and verify your company file
Related Topics
■
Starting a new payroll year
■
Preparing and filing payroll tax forms
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