Year End Close Wizard – Year End Options

When you are performing a year end close, you need to select the year end options for the current file.

Add a percentage increase to standard and work code rates

Select this box to add a percentage increase to standard and work code rates for next year's project. The wizard will use the values specified in the Increase Staff Rates dialog to calculate the new standard rate and the individual rates of the staff given by position. Individual staff members without a position will get the rate increase set in the Staff with no position field.

Roll Forward Project

If your file uses projects and subprojects, select this option to roll forward project templates, client projects or both into the new year's file. You can specify or modify existing roll forward options in subsequent wizard screens. For more information, see here.

Delete completed Project Templates and Client Project

If you selected to create a new file for a new year, you have the option to delete completed project data for project templates and client projects.

Include Current File in "History Manager"

Select this option to place the closed year's file on the Time History Manager list in the new year.

Clear Document Roles

Select this option to clear roles assigned on documents for the new year.

Back

Click Back to return to the Welcome Screen page if you wish to change your file option for next year's project.

Click Next to go to the Increase Staff Rates Options page to define the percentage increase for the standard staff rates.

Finish

If you did not select the options, Add a percentage increase to standard and work code rates or Create next year's Project from current year's Project, click Finish to complete the year end procedure. Depending on the file option, the wizard will do one of the following:

Tip: For additional help, see the Time QuickVid -Year End Close.