Help centre › MAJA Books › Settings

Set the financial year, currency and fixed-asset preferences

Quick answerIn MAJA Books go to Settings → Accounting, choose the Financial Year Start month, the Default Currency, the Fixed-Asset Capitalization Threshold (AED) and the Depreciation Posting mode, then click Save Preferences.
Where: MAJA Books → Settings → AccountingWho: Anyone whose role may edit preferences

Steps

  1. Click Settings, then the Accounting tab.
  2. Choose the Financial Year Start month.
  3. Choose the Default Currency.
  4. Enter the Fixed-Asset Capitalization Threshold (AED). Below it, a purchase is normally recorded as an expense; 0 means capitalize everything.
  5. Choose Depreciation Posting: Manual — Run Depreciation button (default) or Automatic — prompt at month-end when periods are due.
  6. Click Save Preferences.

What MAJA does for you

  • Every "This Financial Year" in reports, the dashboard's year to date and the corporate tax computation follow the financial year start.
  • With automatic depreciation, MAJA asks you to review and post when periods are due.

Good to know

  • Changing the year-end of a company registered for corporate tax needs FTA approval.
  • The Default Currency is stored and used by reports; MAJA's books are in AED.

Related guides

Calculate and provide UAE corporate taxRun depreciationRegister a fixed asset
People also ask
  • How do I change my financial year in MAJA Books?
  • Where do I set the capitalization threshold in MAJA?
  • How do I make depreciation automatic in MAJA Books?
Still stuck? In the app, tap the ? button at the top and choose Chat with MAJA support — the screen you are on goes with your message and the reply comes to the same place (within one working day). Or write to support@majabooks.com, or ask MAJA's assistant (the round button at the bottom right of MAJA Books).