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Can I change, reverse or cancel the New Year routine?

Solution

The New Year routine simply creates a new data set within the current company to enable you to enter the data you require for the next accounting period, and so on each year into future accounting periods.

It also saves you some time, for example:

Although this data is pre-populated in the new-year accounts, you are still free to edit all of these as well as the data that is not retained or carried forward.

So, if you have created a new year data set prematurely or with some wrong new data, you can simply edit the relevant data entries in the new data set. There is no need to cancel or reverse the New Year routine.

You can view all the data sets you have created from the menu, Accounts > History and select your chosen accounting period. The title bar contents will change accordingly to help you remember which accounting period you have chosen and you can edit data, print and prepare accounts as normal.

 
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Article details
Article ID: 69
Category: Using the software
Date added: 2012-04-23 15:26:32
Views: 252
Rating (Votes): Article rated 3.0/5.0 (109)

 
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