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Financial settings: No more guesswork

SystemSystem Posts: 412 admin

imageFinancial settings: No more guesswork

Making sure your fiscal year settings are correct is important for preparing your financial statements through tax time.
Reports including your Trial Balance Statement use your financial settings i...

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edited April 26, 2019 in Help Center Discussion

Comments

  • HeyumanHeyuman Member Posts: 2

    If I have a FY ended on March 28th in 2020 and the date will change to March 27th in 2021, what should I do? I worry if Waveapps will populate correct reports with correct FY cycle.

  • Ryan_WRyan_W Member Posts: 452 ✭✭✭

    @Heyuman don't worry, if you make this change Wave will automatically recognize everything. For what it's worth, changing the year end really only adjusts the trial balance report and retained earnings in the balance sheet. Since Wave doesn't lock your fiscal year end like other accounting programs, you're always able to adjust your date filters for each report based on your needs!

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