Common accounts questions in the new year

To get the new year off to the best possible start, we’ve gathered together the most common questions that you ask us at this time of year:

Can I post into the new financial year before I run my year end?

You can post into your new financial year before running the Year End option. This means you can keep up to date with current invoices while you finalise your year end accounts.

When you post a transaction into your new year, a message advises that the date is outside the current financial year. This is for information only. If you've specified the correct date, to post the transaction, click OK or Yes.

How do I run a financial year end?

You use the Year End option to close your current financial year and move into the new year. To help you complete this task, visit the Financial year end support hub >

Want to avoid posting back into a previous year by mistake?

Once you set a lock date, if anyone tries to post a transaction dated prior to that lock date, a warning message appears. Read more >

What tax code should I be using?

Find the right tax code when recording your transactions with this useful Tax code finder >

How can I tidy up my accounts?

Keeping your accounts tidy speeds up processing by removing old records and also reduces the size of your data files. Read more  >

Who are my top customers and suppliers?

You can run reports to show customer or supplier turnover in a date range or you can report on the top customers or suppliers in the financial year or month.

The most popular reports are the turnover period and year to date reports, which are available within the Credit Control folder in Customers, Reports and Suppliers, Reports.

Find out more >