Re: period/year closings

Greg,

I remember having to do that for a customer when I was with Custom Systems
many years ago. Check with Tom and he might remember having me work on that
for Limestone Products.  You may also want to check with Charlie Bittner - I
seem to remember we hashed it out together.

It was a P.I.T.N. (pain-in-the-neck) and it was worse than your scenario.
They came up with a closing date, we ran the programs against the data and
since the SEC did not complete whatever on time...we had to do it again.

Eric A. Wolf
Midrange Implementation Specialists
             &
Jigsaw Software Technologies
"Putting the pieces together."



>From: Greg Wenzloff <GWenzloff@beckmfg.com>
>Reply-To: mapics-l@midrange.com
>To: "'mapics-l@midrange.com'" <mapics-l@midrange.com>
>Subject: period/year closings
>Date: Tue, 2 Oct 2001 14:31:51 -0400
>
>Perhaps someone could offer some suggestions.    I am assisting a company
>that is being purchased.
>Only part of the company is being purchased -- the residual part will
>become
>a separate entity.  Both companies will then run on the same MAPICS
>business
>system for a significant time.
>
>The month of September has been closed in AR,IN, COM, and SA.     The sale
>will be in the middle of October.
>The new company's fiscal year starts October 1st.
>
>On the day of the sale a new environment will be created by the MAPICS copy
>environment function. This will become the new entity.   The old
>environment
>will be used for the purchased portion.  Certain items will be removed from
>the Item Balance file in both environments but the rest will remain
>basically unchanged.
>
>Problems:   A period and year end close must be done to start the fiscal
>year of the purchasing company.  But then at the end of October we would
>need to close October but it has already been closed.   Can something be
>reset to get around this and what are the ramifications of doing that?
>
>In the residual company there needs to be a closing at mid October to
>figure
>out the sale and to take care of accounting matters.    Then as business
>goes on - at the end of October we will again find that October has already
>been closed.
>
>Any suggestions?
>
>Greg Wenzloff
>717-762-9141x246
>
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