Re: [BPCS-L] An Extra Period

[Tom Jedrzejewicz <tomjedrz@xxxxxxxxx>]

On Thu, 16 Dec 2004 11:36:13 -0500, Guy Henza <guyhenza@xxxxxxxxxxx> wrote:
> Now that I've thought about this a bit, this will be even easier.  You're
> going to do a full fiscal year end, close your books on the 23rd., cleare
> out your GL (save it first) and open up a new company with a new GL on the
> 24th.  You don't have to wory about adding another period because you will
> have a new company with year 1 being 1 period long (8 days).  You will have
> zero sales, zero GL, zero everything...

That may indeed be what is necessary, but I doubt it, and on Dave's
behalf I also hope not.  What do you do about the inventory, AP, AR,
etc. in the old company?  That also opens a whole can o' worms with
respect to financial reporting for tax and other standard processes.

I suspect that all they are really interested in getting a final
valuation for the ownership transfer.  I'll bet all that is really
necessary is a copy of the GL files into another library (or into
Excel) for reporting, and perhaps some GL accounts created that will
hold "transfer" values after the reports are created.

-- 
Tom Jedrzejewicz
tomjedrz@xxxxxxxxx