I have had this same business scenario when we were in the middle of
acquiring companies and selling them. Those are the same steps we took and
everything worked out moving forward for the financial reporting. I have
also used these same steps when changing our fiscal year from calendar to
period.
Take care,
Nancy
Nancy L Hall
Watermark Solutions, LLC.
Application Consultant
Office:713-850-7582 Ext. 118
Mobile:713-927-3609
email:nancy.hall@xxxxxxxxx
1717 St. James Place
Suite 650
Houston, Texas 77056
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx]
On Behalf Of mapics-l-request@xxxxxxxxxxxx
Sent: Friday, May 02, 2008 1:00 PM
To: mapics-l@xxxxxxxxxxxx
Subject: MAPICS-L Digest, Vol 6, Issue 121
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Today's Topics:
1. Re: Question on transitioning companies (Kevin Fox)
2. Re: Planning with Suspended items... (Peter Vidal)
----------------------------------------------------------------------
message: 1
date: Thu, 1 May 2008 15:28:37 -0700
from: "Kevin Fox" <kdfox@xxxxxxxxxxxxx>
subject: Re: [MAPICS-L] Question on transitioning companies
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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------------------------------
message: 2
date: Fri, 2 May 2008 07:28:12 -0400
from: Peter Vidal <Peter_Vidal@xxxxxxxx>
subject: Re: [MAPICS-L] Planning with Suspended items...
I just confirmed this from INFOR Knowledgebase:
MRP plans orders for suspended items but will not allow you to release
orders for a suspended item. If you attempt to release an order for a
suspended item, error message EAM5029 'Item/Planning Warehouse Is
Suspended' is issued. Requirements for items that are components of the
suspended item will be planned and can be released. You can process
transactions against a suspended item but you cannot create a
manufacturing, purchase, or customer order for a suspended item.
PETER VIDAL
MAPICS IT TECHNICAL SUPPORT TEAM / SR SYSTEM ANALYST
10540 Ridge Rd., Suite 203, New Port Richey, FL 34654-5111
Tel:727-849-9999, x2414 Fax:727-815-3120
WWW.PALL.COM
"Examine what is said, not him who speaks."
Arab Proverb
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