I need advise on what to do for EOFY in Reckon Hosted pls

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LAC
LAC Member Posts: 14 Novice Member Novice Member
edited June 17 in Accounts Hosted
EOFY checklist for Reckon Hosted - I haven't completed EOY before on this system

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  • John Graetz
    John Graetz Member Posts: 1,588 Reckon Legend Reckon Legend
    edited July 2020
    Hi Leesa.  As distinct from some other accounting programs, there is no special end of year process, such as closing the ledger and starting something different. The file just keeps on going indefinitely.  There is though a process for payroll, if you are using it, with the new STP process.
    John L G  
  • Zappy
    Zappy Accredited Partner Posts: 5,316 Accredited Partner Accredited Partner
    edited July 2020
    Leesa did you look here: https://www.reckon.com/au/eofy-guide/
  • Zappy
    Zappy Accredited Partner Posts: 5,316 Accredited Partner Accredited Partner
    edited June 2020
    See my post John. Reckon produce something every year in order to rpovide a check list for accountants and bookkeepers to consider. It's a good starting point. 
  • John Graetz
    John Graetz Member Posts: 1,588 Reckon Legend Reckon Legend
    edited June 2020
    Excellent.  Thank you Kevin.  I did not know that this existed.  However, as I am only involved with the not for profit sector, most of this does not apply for me.
    John
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