I’m a newbie to Quickfile and previously used an old accounting package which required a year end procedure before any entries could be made for a new financial year. So this is probably a stupid question but what I need to know is whether at the end of my financial year I can carry on making entries and then retrieve all the info I need for my year end accounts by date or whether I have to do anything else before starting making entries for the new financial year?
There is a year end procedure but you’re not blocked from entering data for the following year until it is complete. You can continue entering your next year transactions as normal, maybe go back and add additional entries for the previous year if you find any you’ve missed, then complete the year end when you’re sure everything for the relevant period is up to date.