End-of-period procedures
> Starting a new financial year
Starting a new financial year
This section describes the tasks you need to perform at the end of your financial year to prepare your company file for the coming year.
You don’t need to close your financial year at any particular time. You can continue to use your company file after the last month of your current financial year.
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
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