Establishing Other Practice Firm Settings

You can establish firm settings, including your firm's fiscal year end date, productivity goal options, and accounting period from the Establish firm settings window.

To establish your firm settings, do the following:

1. Open Dashboard, click Application Links on the navigation panel, and then click Settings and defaults under Firm.
2. Click Practice > Other Practice Settings on the navigation panel.
3. Enter your firm's fiscal year end date or select it from the list.
4. Select your firm's productivity goals settings:
   • Select the budgeting period that will be used to set staff productivity goals from the list. Your options are weekly, semi-monthly, monthly, quarterly, and annually.

   Note: If you change the budget period, the updated information is used in grids and reports, but budgets are not recalculated based on the change.

   • Select Hours or Amounts as your firm's default setting for goals.
5. Select Set the accounting period to current when posting or editing prior period transactions, if desired. Selecting this option sets the accounting period as the current period and will not allow other users to change the date. This is useful if your firm does not allow transactions to be posted to prior periods.
6. Click OK.