Confirming your beginning balance date
Overview
Discuss with your Axium consultant whether your beginning balance date is acceptable or whether you should change it.
Follow a work plan
To determine whether your beginning balance date is acceptable:
- Verify that you have entered all your static information.
- Verify that you have entered your payroll and billing-related beginning balances, at least.
- Verify that you can perform these tasks comfortably:
- Enter time.
- Enter expenses.
- Manage vendor invoices and payments.
- Manage in-house expenses.
- Manage client receipts and related items.
- Manage client invoices.
- Manage the bank register.
- Run payroll.
- Reconcile month-end.
- Verify that your reports produce the information you want.
- Verify that Ajera is customized correctly for your firm.
- Verify that you know how to use Inquiry, Financial Statement Designer, and other reporting tools.
- Verify that you know how to use project templates.
If you need additional training in any of these items, you may want to change your beginning balance date to a later date.
