I am trying to run a year end for a three month accounting period (ending 31st July 2024) now the accounts have been filed. The system will only appear to let me run a year end for a 12 month period based on the last year end (30th April 2024). I have tried changing the next accounts date in the company settings but it won’t allow the date I want. What am I doing wrong?
What happens if you set the “next” year end date to July 2025, does that then allow you to run a YE up to July 2024? All the Year End process actually does is create a journal to zero out all your P&L codes (4000-9999) and move the balance to the retained profit code in the 3xxx capital section - if the above trick doesn’t work then you might be able to just create such a journal by hand, but I don’t know if there’s special handling in the code to ignore a “year end journal” specifically (as opposed to just “a journal that happens to be dated on the last day of the year”) when building the P&L reports.
Excellent. That did it. I was slightly wary it might not then let me change back to a 30/4 year end, which is actually what we want (31/7/24 was a one off - long story) but it did. Many Thanks