Regardless of when your organizations’ fiscal year ends, your donors operate on a ‘fiscal’ year that ends on December 31st. We know that because that’s what the IRS tells us. And since donors often behave in predictable ways based on the calendar (e.g. giving surges in December), it makes sense for you to use the January-December timeframe for analysis and reporting – regardless of what your accounting year is.
So when you return to the office after the holidays, and before you ever start working on your 2014 activities, use ResultsPlus to take some important steps to help wrap up 2013:
The feature to update your calendar year needs to be performed by an administrative-level user and is found on the Maintenance tab in the ‘Year End Processing’ ribbon group. Select ‘Reset Calendar Year,’ respond to the prompts, and your year will be updated.
If your organization’s fiscal year coincides with the calendar year, there are additional steps you will need to take. To learn more about closing your fiscal year, review the information found in the upcoming newsletter, the user assistance area of ResultsPlus, or watch the tutorial called ‘Close the Year.’
Happy Holidays!