New Consolidated Organization Wizard - Fiscal Year-End Panel

Access this panel with Administrative user rights using File>New Consolidated Organization.

Use this panel to enter a Fiscal Year-End date (the last day of the fiscal year for entering transactions) and the organization's Federal and State Tax Identification numbers; and select your IRS Tax Form Preference.

The original organization's fiscal year must have the same month and day as the consolidated organization's fiscal year-end. However, their system years can be different.

The system copies the first day of the fiscal year specified on this panel to the "Warn Prior To" column of the Organization>Organization Preferences - Entry Dates Tab. Therefore, the system gives a warning if a transaction is entered for the previous fiscal year.

 

What is your fiscal year-end?: Enter the last day of the fiscal year. This date cannot be changed after this wizard is completed.

What is your Federal Tax Identification Number?: Select FEIN or Foreign and enter the federal tax identification number for the consolidated organization. You are not required to enter an ID on this panel; instead, you can enter it at a later time, using the Organization>Organization Information>Organization tab. When FEIN is selected, the system will mask the tax ID for Aatrix® reporting, using the following format ##-####### and limits the number of digits to nine.

What is your State for 1099 Withholding?: Select your state from the drop-down list. You are not required to enter your state on this panel; instead, you can enter it at a later time, using the Organization>Organization Information>Organization tab.

What is your State Tax Identification Number?: Enter your state tax identification number for the 1099 State Withholding Information. You are required to enter your state tax identification number on this panel if you entered a State for 1099 Withholding on this panel. If you did not enter your State for 1099 Withholding on this panel, you are not required to enter your state tax identification number here either; instead, you can enter it at a later time, using the Organization>Organization Information>Organization tab.

What is your IRS Tax Form Preference for this organization Form 990EZ, Form 990, Government - N/A?: Select the organization's IRS tax form preference. Select Government N/A if you are not required to submit a 990 form. Or select the 990 form version that you want to report for this consolidated organization. Once your organization is created, you can switch between any form using the Organization tab (Organization>Organization Information). 990 Line number assignments will need to be entered using the Maintain>Chart of Accounts form.

The fiscal year-end date defines the current operating fiscal year. Once the organization is created, this setting cannot be changed.