Recently, I had a consult with a client where the financial year was set as per expected (30 June 2015) but it was not possible to modify or change any transactions – i.e. all transactions had a grey zoom arrow which means that you cannot edit.
It took me about an hour but I finally worked it out – what had happened is that the client had rolled forward the financial year by mistake (he was trying to process 2015 payroll and rolled forward the financial instead of the payroll year by mistake).
When the client realized what he had done, he then used the feature “Roll back a Financial Year” – which had only been available for the last few versions of MYOB.
When this feature is used, it does allow the user to record journal entries using a date of 30 June in the current financial year, but it is still too late to modify any source transactions in that financial year.
So be careful! Only roll forward your MYOB financial year when the End of Financial Year is completed by your accountant, the tax return has been prepared and final EOFY financial statements have been issued and MYOB has been brought up to date.