What is the procedure for converting Tax-Only client files to Accounting client files?
• Change the Division Type from Tax-Only to Accounting and Save the new Division information. • Create the required new Asset Groups. • Do the following for each Asset: Assign the Asset to an Asset Group and save the changed Asset record. Choose Opening Amortization from the Change menu. Enter the Opening Amortization Amount. This amount may be entered manually or it can be calculated by the program by clicking the Calculate Opening button. Click the Save button to save the opening amortization information. • When all of the asset records have been moved from the Tax-Only group to one of the new Asset Groups, the Tax-Only group may be deleted. • Prepare reports and balance the Opening Amortization amounts. The Opening Amortization Amount maybe edited until the next Year-End processing is completed.
