RE: Accounting Period - Change of Method

[Nick Williams <nwilliams@xxxxxxxxxxxx>]

We changed to a 5,4,4 period end and it does give the advantage that the
reporting periods year on year for sales analysis are the same, subject to
bank holidays of course. Your accounts people need to be clear on the period
end dates for both sales and purchase invoice cut-off.  Other than that No
real problems, the system copes fine.


Nick 

Nick Williams
Finance Director

Email : nwilliams@gcosta.co.uk
http://www.gcosta.co.uk

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-----Original Message-----
From: John Taylor [mailto:John.Taylor@britax-pmg.com]
Sent: 25 July 2001 11:35
To: JBAUSERS-L@midrange.com
Subject: Accounting Period - Change of Method


Our parent company has decided to change the way we report to it by moving
from calendar period ends, to a system of periods containing 5 weeks and 2,
4 week periods per quarter. 

Can anyone explain the implications of, or give further examples of pros and
cons with this change across the System 21 financial suite (352SP3). I'm
aware that sales invoices will be able to be raised for example in the first
period (was January) with a February invoice date. This I presume will have
some knock on effect with aging reports. Also sales analysis, if kept in
line with SL period end will not reflect the true sales per calendar month -
should this be kept in line with the new period close (as a cross check for
accounts) or left as is to report monthly sales?

Also what about PL, Cash and GL? (I admit not in my area of expertise but I
can pass on anything relevant)

Any feedback would be useful on this one.

Regards

John Taylor
IT Manager
Britax PMG Limited
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