Preparing to close your financial yearAt the end of each financial year, you'll need to perform a few extra tasks to prepare your MYOB system for the coming year.
For many companies, the financial year and the calendar year are the same. That is, their business year begins on 1 January and ends on 31 December. Other companies choose to begin their financial year at some other time; for example, businesses whose sales are cyclical often choose to start the financial year during a slower time of the sales cycle, so the year-end closing process doesn't interfere with their sales efforts at a busier time of the year.
Preparing to close your financial year
Closing a financial year and starting a new one
Optimising and verifying your company file