Forgot to change Financial year

our financial year date was 01/02/10-31/01/11 , I forgot to set the new year , just carried on putting the data in, I am up to May now . Will I lose any data if I start a new Financial year from 01/02/11-31/01/12 ?

Thanks.

Posted by Ron on May 25, 2011 7:30 PM BST

Hi Ron,

No, you won't lose any data - Solar Accounts will simply create an 'End of Year' transaction dated on 31/01/11 which reset's the balance of the income and expense accounts to zero.

Regards,

Posted by Mark McLaren (Solar Accounts) on May 26, 2011 8:08 AM BST