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      <div class="WebWorks_Breadcrumbs" style="text-align: left;">
        <a class="WebWorks_Breadcrumb_Link" href="endofperiod.21.1.htm#1087881">End-of-period procedures</a> &gt; <a class="WebWorks_Breadcrumb_Link" href="endofperiod.21.12.htm#1087881">Starting a new financial year</a> &gt; Task&nbsp;4:&nbsp;Enter end-of-year adjustments</div>
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      <blockquote>
        <div class="hms_StepModuleHeading">Task&nbsp;4:&nbsp;<a name="1087881">Enter end-of-year adjustments</a></div>
        <div class="b_Body"><a name="1093388">Your accountant is likely to provide you with a number of </a>adjustments that will need to be entered in your company file as journal transactions. If the adjustments have been provided on paper, you can manually enter them in the <span class="w_Widgets">Record Journal Entry</span> window.</div>
        <div class="b_Body"><a name="1093393">If you send information to your accountant using the </a><span class="w_Widgets">Send to </span><span class="w_Widgets">Accountant </span>feature (see <span class="l_Link"><a href="endofperiod.21.15.htm#1087854">Task&nbsp;3:&nbsp;Provide information to your accountant</a></span>), you can import the adjusting journal entries your accountant sends you. Make sure your accountant has sent you the journal adjustment file as a text file with a .txt extension.</div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1093399&quot;);">
          <span class="N_007eProcBullet"></span><a name="1093399">To record adjustments manually</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1093399", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1093399", false);</script>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1087895">Go to the </a><span class="w_Widgets">Accounts</span> command centre and click <span class="w_Widgets">Record </span><span class="w_Widgets">Journal Entry</span><span style="font-weight: bold;">. </span>The <span class="w_Widgets">Record Journal Entry</span> window appears.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1087897">The general journal number and transaction date appear by </a>default. You can change these if necessary. </div>
        <div class="bnfi_NoteHeadingFirstIndent">
          <span class="N_007eNoteCautionWarning">note : </span><a name="1093423">&nbsp;</a></div>
        <div class="bnLi_NoteBodyLastIndent"><a name="1093439">If your company file is set to 13 accounting periods in </a>the financial year, you can assign your adjustments to the 13th period by entering an asterisk (*) before the date, for example, *30/06/2008.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1087899">[Optional] In the </a><span class="w_Widgets">Memo</span> field, enter a comment to describe the transaction, for example, Depreciation–Motor Vehicles.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1093465">Each row of information entered in the scrolling list is a line </a>item. The line item details are identified in the journal adjustments provided by your accountant.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1093489">For each line item:</a></div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">a	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1093466">Type the account number (or name), or select it from the </a>account list.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">b	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1093467">In the </a><span class="w_Widgets">Debit</span> and <span class="w_Widgets">Credit</span> fields, enter the debit or credit amount for the line item. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">c	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1093468">[Optional] In the </a><span class="w_Widgets">Job</span> field, enter the job number for the line item.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">d	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1093469">[Optional] In the </a><span class="w_Widgets">Memo</span> field, enter a description of the line item.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bss_BodySubStep_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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                <div class="bss_BodySubStep_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span class="N_007eSubStep">e	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bss_BodySubStep_inner"><a name="1093470">If necessary, change the default </a><span class="w_Widgets">Tax</span> code for the account by typing the required tax code or selecting it from the list.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bnFii_NoteHeadingFirstIndentedMore">
          <span class="N_007eNoteCautionWarning">note : </span><a name="1093471">Journal entry must be balanced</a></div>
        <div class="bnLii_NoteBodyLastIndentMore"><a name="1093472">The journal entry </a>cannot be recorded until the <span class="w_Widgets">Out of Balance</span> field is zero.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">4	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1093473">Click </a><span class="w_Widgets">Record</span> to record the journal entry.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1088028&quot;);">
          <span class="N_007eProcBullet"></span><a name="1088028">To import from MYOB Accountants Office</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1088028", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1088028", false);</script>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088029">Go to the </a><span class="w_Widgets">File</span> menu, choose <span class="w_Widgets">AccountantLink</span><span style="font-weight: bold;">, </span>then <span class="w_Widgets">Receive </span><span class="w_Widgets">from Accountant</span><span style="font-weight: bold;"> </span>and select <span class="w_Widgets">Lists of Accounts</span>. The following window appears.</div>
              </td>
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          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088037">Click </a><span class="w_Widgets">OK</span>. The <span class="w_Widgets">Open</span> window appears.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088038">Locate and select the file containing the accounts list sent by </a>your accountant. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
            <tr style="vertical-align: baseline;">
              <td>
                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">4	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088039">Click </a><span class="w_Widgets">Open</span>. The accounts are imported and a message appears, giving you the results of the import. If there are any errors, read the information in the MYOBLOG.TXT file, which is located in the same folder as your company file.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="href_ReferenceBlockHeading"><a name="1134628">Related Topics</a></div>
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                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="endofperiod.21.17.htm#1088041" name="1134632">Task&nbsp;5:&nbsp;Back up your company file</a></span></div>
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                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="endofperiod.21.9.htm#1087633" name="1134636">Record depreciation</a></span></div>
              </td>
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        </div>
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                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="endofperiod.21.12.htm#1087763" name="1134640">Starting a new financial year</a></span></div>
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      </blockquote>
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