Using the Week-Ending Dates setup, users can set up the week ending dates for each year. AIM is a date driven system, collecting transaction information on the actual date the transaction occuredoccurred. Use of Week-Ending dates allows users to generate reports by week ending date, where data is accumulated and presented based on the calendars set in this section. This tool is also useful for identifying fiscal year calendar data for synchronization with accounting systems.
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- Calendar Code: Create a code that corresponds to the Week-Ending Calendar. This code must be unique and is limited to 50 alphanumeric characters. This is a required field.
- Description: A description of the Week-Ending Calendar as desired. This is a required field.
- This is a Fiscal Calendar: This check box indicates to the software that a calendar is designated as the fiscal calendar for the orgainizationorganization.
- Default. Check this box to set as the default calendar AIM will use for date driven functions. For example, if any setting is set to "Week End" date in AIM, the software will refer to this selected calendar. Depreciation Rules are a good example of where AIM will automatically utilize Week End Dates, when the apply period is set to "Week End"
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