I have just completed one financial year and want to start a new year. How does this happen?

Refer to Section 2-D of the User Guide for file naming potocols and save the file as shown. Recommended good practice is to also make a back-up copy on a memory stick or alternative external storage device other than the computer you are working from. When you have saved your work year to date...

Step 1: Save the file using the Save As function but advance the year 'from and to reference' forward by one year. e.g. File name 'Bob The Builder - 2008-09' becomes 'Bob The Builder - 2009-10'.

Step 2: With the new file now created for the new year, delete all the transactions in software pages MI, TD, MO, TC and JA where appropriate. This will zero the file but the accounts names in the software page AC will remain.

Step 3: In software page AC, enter all the closing balances from the previous year (Bal C/fwd column )into the Prior Year column to give you your opening balances for the current year.

You are now ready to start entering your current / new year transactions into MI, TD, MO and TC.

Follow the link below to the FAQ on our site for detailed information on bringing forward Trade Debtor and and Trade Creditor balances.

http://www.speed-e-books.com/faq/now-that-year-end-has-finished-what-do-i-now-do-to-start-my-new-tax-year-figures.aspx?f=1

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