RE: Accounting Period - Change of Method -- SYSTEM21

John

We've always used a 445 pattern of period end dates so I can't comment
regarding a change from any experience but here are some thoughts anyway !
:

1.      Sales Ledger aged debt report 32/ARE uses accounting periods so
there will 
        be some inconsistency on this report during the first 3 months after
the change.

2.      Ensure your other calendars reflect the change.

3.      Presume you're not going to attempt to re-state any history in
System 21 ?

4.      We don't use Sales Analysis for reporting but keep it inline with
our
        Inventory and Sales Ledger periods. If you did this, again you would
need to live with 
        the inconsistency during the switch over.

5.      Can't think of any Cash Management issues.

6.      In the Aged Payable report (12/APE) again periods will be
inconsistent for a while.

7.      If you use budget files, the numbers obviously won't be phased 445.
      
good luck

Tim Randall

Centura Foods Ltd
Cheshire
UK
   

-----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


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system. 

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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