No transactions, invoices, adjustments, expenses, payments or banking details can be modified within your database if prior to this date.
During the month end wizard, the final step will set the end of period date to be the date of the last statement run. However, you may need to change this date.
To change the date, you will need to do the following:
Go to the gear located on the top right hand corner of the screen
Click on Settings
Click on "End of Period"
Adjust the date
Click "Save end of period date"
When it comes to changing the end of period date (to allow back entry of transactions to prior months) we recommend following these simple guidelines:
*Never change the end of period date to a date prior to your last GST return / BAS submission to the tax office. If you do so, you are creating potential for tax office audit issues.
*For example, if you have reported GST collected and paid, sales and purchases for April to June 2015, your earliest possible end of period date is now 1 July 2015.
*Never make the end of period date earlier than the date of your most recent financial year rollover. This will create significant accounting issues in your database.
*If you go to Reporting > Trial Balance then the date of your last financial year rollover is the same as your ‘Year Start Date’ at top right of screen.
