Usually the way. Let IT do the work instead of me.
Your method will work as long as it rolls forward.
NOTE: The capital accounts should be completely zeroed out
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx]
On Behalf Of Gindlesperger, Dale
Sent: Thursday, May 01, 2008 2:27 PM
To: MAPICS ERP System Discussion
Subject: Re: [MAPICS-L] Question on transitioning companies
I thought of that, but the Controller is adamant that we NOT create a new
company code due to all the defaults and such.
Sent via BlackBerry by AT&T
-----Original Message-----
From: Kevin Fox <kdfox@xxxxxxxxxxxxx>
Date: Thu, 1 May 2008 17:01:42
To:'MAPICS ERP System Discussion' <mapics-l@xxxxxxxxxxxx>
Subject: Re: [MAPICS-L] Question on transitioning companies
Another option is to create a new company ID and key in only the balance
sheet balances as of the start of the new company. These would be auditable
to the original company records.
Note that all your rules, etc. would need to be created under the new
company idea, but this creates a very useful audit trail.
Kevin
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx]
On Behalf Of Gindlesperger, Dale
Sent: Thursday, May 01, 2008 12:02 PM
To: 'MAPICS ERP System Discussion'
Subject: Re: [MAPICS-L] 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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