Setting up a client with a short year

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017.

For details, see CSA license expiration 2017 – frequently asked questions.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of these CSA modules.

If you begin processing a new client in March, for example, and they have a fiscal year end date in December and you are not going to enter data for the previous periods in the fiscal year, you should follow this procedure. (If you are planning to record data for the previous periods, you do not need to process the client using a short year.)

  1. Choose File > Client Properties and click the General Ledger tab.
  2. In the Number of periods in current year field, enter the number of periods remaining in the client's fiscal year (1-11 for a monthly client, 1-3 for a quarterly client, 1 for a semi-annual client, 1-51 for a weekly client, 1-12 for a 13-period client). The application uses this information to determine how many periods to include when calculating year to date information for financial statements and on trial balance reports.
  3. Process the rest of the year normally. When you close out the year, the application will automatically return the Number of periods in current year field to its default number based on the period type.

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