Breadcrumbs

Preparing for a new financial year in MYOB AE

This support note applies to:

  • AE Workpapers (AU)

  • AE Practice Manager (AU)

  • AE Document Manager (AU)

  • AE Reporter (AU)

  • AE MAS (AU)

  • AE Assets (AU)

  • AE Tax Series 6 & 8 (AU)

  • AE Tax (AU)

  • AE Accounts (AU)

Article ID: 38652

Prepare for a new financial year by reviewing your database. It will put you in the best situation for the busy tax peak period ahead.

Check the links below for pre-installation checks on your software.

Tax

ATO has retired ELS, so everything is on the Practitioner Lodgment Service (PLS).

Do these pre-installation checks before installing tax for the new financial year.

Practice Manager

Set up a new accounting year and the associated period before you enter timesheets for the new year financial year, or create miscellaneous charge or estimate bills to finalise the previous financial year.

Prepare for the new financial year in Practice Manager by:

Document Manager

Preparing for the new financial year in Document Manager by adding a new year, category and filing cabinet.

Client Accounting

Before you begin preparing your client accounts for the new year, roll over the ledger so that prior year closing balances carry forward to the new year.