Make a reference copy of your company file before closing the year

Since closed transactions are purged during the year-end closing process, many MYOB software users choose to make a copy of their MYOB company file to be stored on their computer's hard disk so that the previous year's transactions are easily accessible. (In effect, they are creating a historical copy of their company file.)

If you choose to do this, we recommend that you rename the historical company file to reflect the fiscal year included in the file. For example, if your company file is named mydata.MYO, you might name the historical file mydata20xx.MYO. Once the historical company file has been renamed, you can store it in the same directory as your working company file.