Year End
Some business applications have a mandatory end of year procedure for archiving data, shifting balances among accounts, and so on. Big Business's reporting handles this for you, so there is no required procedure. You can demonstrate this facility to yourself by running a Report for a future date (e.g. a Profit and Loss Statement or Balance Sheet dated in the next fiscal year).
Big Business maintains all of your records intact so that you have access to historical information and the ability to post to the previous period. Big Business does include features for Protecting, Locking, Sealing, and Consolidating historical records. Please read the recommendations below carefully before using any of these features. (3065)
Some business applications have a mandatory end of year procedure for archiving data, shifting balances among accounts, and so on. Big Business's reporting handles this for you, so there is no required procedure. You can demonstrate this facility to yourself by running a Report for a future date (e.g. a Profit and Loss Statement or Balance Sheet dated in the next fiscal year).
Big Business maintains all of your records intact so that you have access to historical information and the ability to post to the previous period. Big Business does include features for Protecting, Locking, Sealing, and Consolidating historical records. Please read the recommendations below carefully before using any of these features.
Locking Periods will help prevent date errors and prevent modification of past data. Locking is is reversible if you ever need to make a correction. Restricting Access to the Maintenance Prefs will prevent unauthorized unlocking of locked periods.
Sealing is the same a Locking but is PERMANENT. We recommend that you not use Seal (for the same reasons that your parents wouldn't let you get a tattoo) unless you are quite sure this is what you want.
To display different Fiscal Years, go to the Display Fiscal Year field and enter the year you want displayed. The year entered will appear on the right and the prior year on the left.