Re: JBA ML - Year End

The alternate year end is useful when parent companies have a different
year-end than their subsidiaries.  It is possible to use it for this
purpose.

My question to Michael is:
Is the change a permanent one or a temporary one, that is, in the future
will November be the last period of every fiscal year?

----- Original Message -----
From: <clawson@ambrake.com>
To: <jbausers-l@midrange.com>
Sent: Tuesday, November 27, 2001 8:22 AM
Subject: Re: JBA ML - Year End


>
> I have never used it, but there is something called Alternative Year End
on
> the GL Company Profile.  Does anyone know if this could help Michael with
> his problem?
>
>
>
>                     Michael berman
>                     <mxb1@start.com.au>       To:
"jbausers-l@midrange.com"
>                     Sent by:                   <jbausers-l@midrange.com>
>                     jbausers-l-admin@mi       cc:
>                     drange.com                Subject:     JBA ML - Year
End
>
>
>                     11/26/2001 09:20 PM
>                     Please respond to
>                     jbausers-l
>
>
>
>
>
>
> We normally have a June Year End.  Due to circumstances they wish to
> have a year end as at Nov 30 this year to roll their Profit and Loss
> to Retained Earnings etc.
>
> I can see 2 options... one being a manual journal and the other
> amending the Fiscal Year End period on the Company profile (and then
> putting it back).
>
> That is, this year will be 5 months long, and then 7 months long.  The
> period numbering will still be contiguous (0105 0106 0107 etc) as we
> will not be changing the calendar etc.
>
> What issues can you foresee?
>
> Has anyone changed the Fiscal Year End, and the  changed it back
> before?
>
> Regards
>
> Michael
>
>
>
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