Fiscal Date Patterns

[LoriA]

I received a white paper that states when changing a fiscal year, you must change all prior fiscal years. Wouldn't this change our financials? I think we would want to keep financials that match our audited reports. Has anyone done this? thank you!

 

[JDE DE]

Hi,
=A0
You don't have to. See the attached. I created that paper for JDETips.
=A0
Lina

 

[rsvconsulting]

Yes but you can simply create a new ledger type (UDC=3D09/LT) to carry your historical financial information for future reference. You can set up a n ew company, for example, your company name..."XYZ History Co." and use an i ndexed allocation to move all historical balances to that new company.

Then users can perform inquires or run reports on the historical AUDITED ba lances.

Al Marmero

 

[rsvconsulting]

To clarify, the udc for ledger type is =3D (09 / LT).

If you do need to change your history using the R099102 and R099103, you ca n then store your HISTORICAL Audited balances in a new ledger type. If you don't change history to conform to the new date pattern, your comparative reporting will be meaningless until the periods ultimately coincide.

Al Marmero

 

[rsvconsulting]

3D is appearing in error....please ignore it. Ledger type UDC is 09/LT.

Al