At the end of each fiscal year, you'll need to perform a few extra tasks to prepare your MYOB system for the coming year. If you're using MYOB Payroll, you'll need to take some additional steps -- such as printing W-2 forms and 1099 statements-- each January, as well.
Although these activities are called "year-end" tasks, you could also think of them as "year-beginning" tasks, since they are performed after the start of a new year and are meant to prepare you for the new year. Here is some background information about the tasks you should perform before you begin closing a fiscal or payroll year.
For many companies, the fiscal year and the calendar year are the same. That is, the business year begins on January 1st and ends on December 31st. Other companies choose to begin their fiscal year at some other time; for example, businesses whose sales are cyclical often choose to start the fiscal year during a slower time of the sales cycle, so the year-end closing process doesn't interfere with their sales efforts when they are busier.