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Frequently Asked Questions |
| We are about to begin a new fiscal year. What do I need to do? |
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There are a few things you should check before you start a new fiscal year. It is best if you
have entered all transactions for the current fiscal year before moving to the next fiscal year.
If you start the fiscal year before you close the prior year's books, see the link below about
updating starting balances.
If you have In/Out accounts that that have not been zeroed out, see the link below about in/out
accounts for information on these accounts. You may need to make some adjustment entries before
you close out the fiscal year and start the next year.
You may have internal accounts such as Sunday School that ended the year with a negative balance.
If you would like to start the new year with a zero balance, see How do
I zero out Internal Accounts with negative balances?
If you have NTS version 4.40 or before, see Change Fiscal Year
Instructions for old versions in place of steps 1 - 3 below.
To start a new fiscal year: 1.) Find the Fiscal Year box in the upper left corner of the
checkbook screen.
2.) Click on the right or left arrow button on either side of
the current fiscal year to go forwards or backwards a year.
3.) A box will pop up asking if you are sure you want to
start the new fiscal year. Click OK.
If you do NOT get the box asking you to confirm the fiscal year change in step 3 or you have NTS
version 4.40 or below, do the following steps:
4.) Click on the Setup button and then Bank/Internal account
List.
5.) Click the "Copy Previous Year or Default Acct List"
button. Click OK on the next screen that appears.
6.) Exit the setup screen and you are now ready to start
entering transactions in the new year.
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| For more information see: |
How do I make last year's ending balance equal this year's
starting balance? |
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It is the end of my fiscal year but my In/Out account is not zero.
How do I adjust my In/Out account? |
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How do I zero out Internal Accounts with negative balances? |
Back to Questions |
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If your question is not answered here, you can submit your question online or search our site. If you need further assistance, you can also email us at help@ntssoftware.com or call us at (817) 318-0303. |
| © 2012 David Watson - All Rights Reserved | |