Period-end tasks

Performing month-end tasks

Use the topics in this section to learn more about the tasks that typically are performed at the end of the month, including reconciling checking accounts and printing customer statements.

Keep in mind that these activities are optional, and some of them may not apply to your business. If you're unsure about which tasks are right for you, you may wish to consult your accountant or an MYOB Certified Consultant.

Performing year-end tasks

Use the year-end procedures when you've entered your final entries for the previous year and are ready to close the previous year.

The MYOB Premier Accounting's Start a New Fiscal Year feature updates your profit-and-loss amounts for the year and prepares your company file for the coming year. You are not required you to close your fiscal year at any particular time in your business cycle.

If you use MYOB Payroll, the payroll year must be closed before you can record the first paycheck for the new payroll year. To perform this task, you'll use MYOB's Start a New Payroll Year feature.

For a complete list of related topics, see Period-end Tasks Topics List.