|
Author
|
Topic: When can I start the New Year
|
fn user
Member
|
posted 12-21-2001 02:52 PM
 
I need to cut a rent check now (December) that I want dated in January of New Year. What is the best procedure?
IP: Logged |
fn user
Member
|
posted 12-21-2001 03:35 PM
You can start the New Year any time you want.The key point to remember is that any transactions that occur in December after you Begin your New Year will not be reflected in the New Year's starting balances. Therefore, you must update your starting balances if you enter December transactions after starting a New Year. This will update any changes in asset and liability accounts and the subsequent changes in Net Income and Net Worth. See the forum post Updating Starting Balances for instructions on how to update your starting balances after changing the ending balances of the prior year. See the forum post:
Update Starting Balances
to change the Net Income - Prior Years only, in the new year if you have changed any income or expense account balances.
IP: Logged |
FN_User
Member
|
posted 01-05-2009 09:13 AM
As we close out and look forward to 2009, I have something that would be great to put on your wish list. It has to do with running a 13 month period. We are constantly putting in checks into December that are actually January, 2009 checks. After reconciling, etc, we delete the entries, roll over the data, and then have to re-enter all the data. Is this something that is on a “wish list” somewhere?
IP: Logged |
David
Administrator
|
posted 01-05-2009 09:20 AM
Here are the steps for Navigator 8.2:
1. Back up your 2008 data.
2. Start 2009 any time in December.
3. Select Save Uncleared Transactions on the Begin a New Year – Options screen. You should back up 2008 first.
4. Enter checks in correct months (December 2008 or January 2009) as needed.
5. When December bank statement arrives, reconcile December 2008.
6. Back up your 2009 data.
7. In 2009, Update Starting Balances. This carries any balance changes from 2008 to 2009.
8. If you add any checking transactions to 2008 after you started 2009, and they did not clear on the December bank statement, you need to also enter them in 2009. See How to bring uncleared transactions forward after using USB?.
9. Reconcile the same statement for January 2009. This clears the 2008 checks that were carried forward into 2009.You might review the posts in the Navigator User Forum Begin a New Year for additional suggestions. Navigator 9.0 keeps all the years in a single database. When you get 9.0, skip steps 3 and 8 since all the 2008 uncleared transactions are automatically available when you are reconciling in 2009. Let us know if this works for you or if there still needs to be something on our wish list. - David
FNI Technical Support
Case #38-10907 [This message has been edited by David (edited 01-05-2009).]
IP: Logged | |
Navigator User Forums
UBBFriend: Email This Page to Someone! 
