I started Quickfile last February and ran it in tandem with my existing package until March 31st. I then dropped my old package and continued with QF. What I should have done at that time was do a year end in QF at the same time but it didn’t occur to me until just now, when I need to do 15/16 accounts. Can I set the year end date to 31/3/15, clear down and then run the same for today without messing everything up?
Thanks
Hi @gillinger
The year end tool journals everything to Retained Profits, and locks the accounts so nothing can be edited before that date. It can be run at any time after the year end date (find it under Account Settings > All Settings > Year End Tool)
Hope that helps?
So just to be clear, if I run a Year End for March 2015, then do it again for March 2016, the P&L etc will just show 2016’s transactions?
It won’t affect the P&L report - this can be viewed for any period.
But yes, you could run it for 2015 and then 2016 (although you may need to wait until tomorrow as today is the 31st)
Thanks. I’ll do the previous year today and the current tomorrow!
No problem! Let us know if you need further help 
It’s always worth remembering that it can always be undone if needed
I am trying to do the same thing. My concern is if I run Year End, will it effect any previous figures presented for Accounting? These would be Turnover figures and expenses and figures for VAT returns…I guess it needs to be done for accurate profit & loss monitoring?
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Hi @Sharonmw1
The year end tool moves the figures to a different nominal to finish off the year. It doesn’t however produce a final set of accounts and your accountant should be able to help you with this.
It won’t affect any other journals generally, but if they’ve been done manually in the past then this could end up producing unexpected results. I think what may be the best way to do this, is run the tool and see what happens - it can be deleted if it doesn’t work out.
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