I need to convert the company to correctly reflected fiscal year of
April 1, 2005-Mar 31, 2007 from our original set up which was Jan 1 ,
2005 - Dec 31 2006. I've rebuild a company by exporting and importing
all the data into this new company with the updated fiscal year.
After the conversion, I was able to enter transactions/make changes
for fiscal year Apr 2005 to Mar 2007. However, I wasn't able to enter
any payroll info for year 2007. The error says "only payroll checks
with dates 2005 and 2006 are allowed". When I set up this new
company, it asked me "What is the first year you will start entering
your payroll?" And I answered 2005 because that was the year we
started to have our payroll info originally. The new company
currently displays the following: current open fiscal years Apr 1,
2005 -Mar 31, 2006 and April 1, 2006 to Mar 31, 2007. Current open
payroll years Jan 1 - Dec 31, 2005 and Jan 1 - Dec 31, 2006. How can I
open payroll year of 2007 and still keeping the fiscal year Apr 1,
2005 - Mar 31, 2007 open?
When I go to year end wizard, there are only 2 options available: (1)
close fiscal and payroll tax years (2) close fiscal year Mar 1, 2005 -
Apr 30, 2006.
What will happen when I need to close the fiscal year in Mar 31,
2007? Do I have to also close 2005 and 2006 payroll years at that
time? Will I be able to view any payroll or financial data for year
2005 and 2006 after I close the fiscal year in Mar 31, 2007?
- posted 12 years ago