HELP how do I close financial year 2017 that’s still open in Reckon Accounts
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Sasha23
Member Posts: 59 ✭
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Hi Melissa. Reckon is not like some other accounting programs which close off a financial year, in other words, things keep on going on. However, to guard against transactions being entered into a prior period, unintentionally or otherwise, it is regarded as very good practice to set the closing date within Reckon, so that any transactions attempting to be entered outside of the "closed" period, will require a password to proceed. In general, my belief is that bookkeepers would normally set the closing date to the end of the last period for which a BAS was lodged.
John L G3 -
Oh great thanks for replying John0
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John how do I set the date0
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Hi Marissa. Go to the ?Company? Tab (top row of tabs), then click on ?Set Closing Date. ? That will bring you to the ?Company Preferences ?under ?Accounting,? and you will find it towards the bottom of the listing.
John L G0 -
Thanks John we recently updated Reckon Accounts and when I went to reconcile April I noticed all the 2017 through to March 2019 reappeared. Have no idea why very weird so maybe if I start locking out each month this won’t happen. I hv never add this issue using other software like MYOB0
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