Quiz: Company preferences

This is a true/false quiz.

Click the statement to see the answer.

1. The beginning balance date is the date you go live with Ajera.

   True. The beginning balance date is the date you plan to start entering current project and financial data.

2. After you enter a transaction, you cannot change the beginning balance date.

   True. The beginning balance date is then locked down. If you need to change the date after you start entering data, you must contact Axium Client Services.

3. Typically, your beginning balance date is the month-end date of the last reconciled Trial Balance from your CPA.

   True.

4. You enter a date in the Don't Allow Entries Prior To field when you want to prevent entry of information before that date.

   True. For example, you close the year on 12/31/2012 and do not want entries made before then, so you enter 01/01/2013. Ajera also uses this date and the beginning balance date to determine valid dates and assign accounting dates.

5. You select the Payroll Service option if you plan to process payroll in-house.

   False. You select the Payroll Service option to outsource your payroll. You select the Process Payroll option to process payroll in-house using Ajera.

6. You cannot change the first day of the week on timesheets after employees start entering time.

   True. In the Company > Preferences > Time & Expense tab > Week Starts On field, be sure that the day is correct. You cannot change it after employees start entering time through Manage > Time & Expense.

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