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Advanced Member
 
Group: Forum Members
Last Login: 22/12/2009 9:23:52 PM
Posts: 68,
Visits: 175
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| Hi My accountant runs his own software and generates his own version of my end of year accounts. Can I take a back up file, update the values to year end and call it , say test1, and perform an end of year roll on it to see if I generate the same values that he expects to see? That way I can avoid having to open an end of year file and make any adjustments he wants to see. He has no problem with MySF but he has to committed to some other method in his office. If I have asked the question properly, can you guide me through the steps I should take? I'm a bit concerned that if I use the sample fund I may get some grubby entries from other things I have tried out. Regards
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MySF Administrator
Group: Administrators
Last Login: 9/03/2010 7:19:40 PM
Posts: 447,
Visits: 600
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Hi,
Yes, this is possible, but there is an easier way.
MySF Manager version 6 and above enables you to prepare the year reports as your accountant will want to see them without actually rolling over the fund. The way that this can be achieved is as follows:
1) Make sure that you have processed all of the transactions for the year and that you have revalued all of your assets for 30/06
2) Go to Housekeeping > Year End Rollover
3) Step through the rollover until you get to the reports page. This will allow you to print off (or export to PDF and email) all of the reports as they would be from the Year End.
4) Once you have all of the reports click on Cancel to stop the year end process and your fund will be unchanged.
Note that you can also complete the rollover. If there are any problems / adjustments then you can reverse the year end rollover through Housekeeping > Reverse Year End Rollover. The reversal will not affect any data that is not related to the year end, so your other transactions will stay intact.
Regards,
MySF
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Regular Member
Group: Forum Members
Last Login: 11/01/2010 7:09:35 AM
Posts: 37,
Visits: 167
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| [quote]Note that you can also complete the rollover. If there are any problems / adjustments then you can reverse the year end rollover through Housekeeping > Reverse Year End Rollover. The reversal will not affect any data that is not related to the year end, so your other transactions will stay intact.[/quote] Does this mean that you can enter data for a new financial year, yet still reverse the previous years year end rollover, without the new data being affected?
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MySF Administrator
Group: Administrators
Last Login: 9/03/2010 7:19:40 PM
Posts: 447,
Visits: 600
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Hi,
Yes, that is correct. The new 'Reverse year end' function will reverse the year end rollover by reversing all associated transactions, deleting reports and changing the year back to the one from prior to the year end.
Data entered after the year end process was completed will still remain intact.
This change was designed to be used in situations where the year end has been completed and there was a mistake made, or perhaps some information was not entered for the previous year. It is better that reverting to a backup because you will not lose data entered after the year end process was completed.
Regards,
MySF
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