Jim2 can manage databases trading over two consecutive financial years, however financial years need to be closed to maintain accurate records. This information also relates to the following (or similar) message being displayed:
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While Jim2 allows for running two financial years concurrently, there is a way to temporarily override this, however extreme care is essential, as this overrides all date control and security over date control in the Jim2 database. |
On the ribbon, go to Tools > Global Variables, add the information as shown below, then save.
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Once the global variable is added, it means that users can mistakenly date something in any past financial year that has not been closed off (or any date in the future), thereby creating problems in the database.
It cannot be stressed enough that: ▪this is intended as a temporary measure until the financial year(s) can be closed ▪everyone using the system must take extreme care with dates from now until this is disabled ▪closing off the earlier financial year(s) should be made a priority |
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If using the global variable to allow trading over two years, you will need to ceck for forward dated transactions prior to closing a financial year. |
To disable the global variable, edit it and change the value to False (or delete it).
Further information
Accountants End of Year Adjustments
EOFY Process for NZ Current Year