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  5. Transferring your bank balance(s) to the next financial year

Transferring your bank balance(s) to the next financial year

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Once you’ve reconciled your bank account(s) thru the last day of the financial year you can carry those balances and uncleared transactions forward to the next year.

Click on the Banking icon in the toolbar.

Click Copy Bank Accounts.

Click the green arrow to the right of your bank account name:

Click the green button that says Carry Forward Last Year’s Account Information. This will carry forward your bank balance and any uncleared items from the prior financial year.

NOTE: This will replace your current balance and any uncleared transactions that are there with the ones you are copying from the prior year.

Click Save.

NOTE: If a green arrow is not there check that your account is reconciled thru the end of the previous financial year.

If your bank accounts have not been reconciled thru the prior financial year, click the Edit button instead and manually enter your bank balance and add any uncleared transactions from the prior financial year.

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