If you choose to override fiscal year dates, the following standard financial reports will not recognize non-month-end dates: Trial Balance and Balance Sheet. For a fee, Deltek can create custom reports. Please log a case online at the Deltek Customer Care to request a quote.
Before you begin
Multi-company only: To view close fiscal years for multiple companies, verify that company preferences are set up for multi-company.
Change the following fiscal year details, as needed:
Fiscal year begin/ending: Ajera automatically displays the first month and current fiscal year from your company preferences. If you override fiscal year dates, change the dates.
Override fiscal year dates: If you are closing the fiscal year and the fiscal year-end date differs from the month-end date, check the override box and select your fiscal year-end date. Override the fiscal year date only if your accounting practices require non-month-end dates.
Reference: Enter a reference number or identifier for the fiscal year closing.
Description: Ajera automatically populates the fiscal year begin and end dates in the description field. You can also add your own.
Review the following display-only accounts in the
table. Closing entries appear for both the accrual
and cash accounting basis.
Account: An account from your chart of accounts
Department: The department associated with the account
Accrual basis debits: The accrual accounting basis account balance if it is a debit
Accrual basis credits: The accrual accounting basis account balance if it is a credit
Cash basis debits: The cash accounting basis account balance if it is a debit
Cash basis credits: The cash accounting basis account balance if it is a credit
Net income: The difference between
the debit and credit columns If the net income is a gain, it appears
as positive; if is a loss, it appears as negative. When the net income is a gain, retained earnings
is a credit. When the net income is a loss, retained earnings is a debit.
To close your fiscal year, choose one of the following:
To close the current fiscal year without any changes, click Save. To set the new fiscal year end date, check the Set new fiscal year check box. Ajera automatically selects the Don't allow entries prior to check box, which prohibits any entries before the specified date and automatically adjusts the related setting on the General tab of company preferences.
To override the current fiscal year dates if the fiscal year-end date differs from the month-end date, select the Override fiscal year dates check box, change the dates, and click Save. Override the fiscal year date only if your accounting practices require non-month-end dates. You have the option to set Current Year and First Month for the next fiscal year. Ajera automatically selects the Don't allow entries prior to check box, which prohibits any entries before the specified date and automatically adjusts the related setting on the General tab of company preferences. Multi-company only: Ajera automatically adjusts the First Month of the next fiscal year on the General tab of Company > Companies. Ajera does not automatically check the Don't allow entries prior to check box if you have multi-company set up.
