Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Preparing for Next Year
Preparing for Next Year
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
09
Level 1
09-22-2020
07:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Even though it is only September I want to create 2021 in the FAS by using the prepare for next year option.....mainly for budgeting purposes....I go to prepare for next year which will basically update the info and create 2021....
My question is if I do this will this cause me troubles when I get to December and want to roll over again? Or simply can I do this option multiple times
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
dascpa
Level 11
09-22-2020
12:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Do NOT do this. Fixed Asset software has a calculation feature that when you roll over the calculations you cannot undo. If you need to print or revise anything for the current year, you're screwed.
To get future reports you can change the date in the reports menu section. This is also a projection (future) depreciation report available.
It sucks we need to wait to mid-December to enter current year assets but that's when ProSeries releases the product.
