Re: Question on transitioning companies

Thanks, Dave. I haven't bounced it off the Response Line yet - I figured with the economic situation we've been in for the last several years that surely SOMEONE would have dealt with this.

Dale "Cork" Gindlesperger
Midrange Account Manager
Link Computer Corporation
Stadium Drive
Bellwood, PA 16617
Phone: 814-742-7700 Ext. 351
Fax: 814-742-7900
Cell: 814-442-1291


-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx] On Behalf Of Dave Shaw
Sent: Thursday, May 01, 2008 2:53 PM
To: MAPICS ERP System Discussion
Subject: Re: [MAPICS-L] Question on transitioning companies

Dale,

That's definitely the safe way to do it, in my opinion.

Dave Shaw
MAPICS-L moderator

----- Original Message -----
From: "Gindlesperger, Dale" <DGindle@xxxxxxxxxxxx>
To: <mapics-l@xxxxxxxxxxxx>
Sent: Thursday, May 01, 2008 2:42 PM
Subject: [MAPICS-L] Question on transitioning companies

Hi List!

Surely with all the changes and such the member companies in this thread,
someone has gone through this.

The company (my former employer, who I still assist) is being purchased in
the middle of a fiscal period (specifically, Period 1). The company uses
XA's 13-period accounting. They want to close Period 1 completely in
mid-month (over a weekend) to close out the books for the old company,
then re-open Period 1 brand-new, starting over, on the same day.

Anyone done that? Suggestions? I was thinking the cleanest way to do it
was to close Periods 1 in IM, COM, AR, AP, and GL. Then repeat for
Periods 2-12 in IM, COM, AR, AP, and GL, then close 13 in GL,
sequentially. That would position them at the beginning of a new fiscal
year. Am I totally in left-field? That's a little time consuming, but
not THAT bad.

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