Colin_Hugill
Reputable Poster
RE: 13th Period & Fixed Assets
Bert,
I would be very, VERY, careful about using 13th period for year end
adjustments.
It really has nothing to do with Fixed Assets, but more to do with the
manual control processes you need to put in place just for year end.
FA works fine, just make sure all FA related entries including
depreciation and disposals transfers etc are complete first. FA is very
capable of handling a real 13 (lunar or 4-4-4 week) period year and also
a 12 period 4-4-5 week basis.
In simple terms you need to make sure all "current year" transactions
(including FA, SO, IN etc ) are fully processed and out of the way.
Then define a thirteenth period. Could be OK if you have a 31 December
year, use Jan 01 as the end of period 12 but heaven help if you need to
repost or someone puts a "normal" transaction through with a Jan 01
date.
I have played with this aspect (definitely not a feature in my opinion)
many times in the past and have written it off as a realistic and
practical suggestion. Maybe I am wrong but then again??
I suggest that you evaluate all aspects via a "test" or CRP environment
with the financial users before thinking about really using it.
Read the GL user manual carefully and maybe (shiver me timbers this is
dangerous) consider the "##" journal type.
Realise also that JDE is very supportive of multiple year end closes.
Again this process is well covered in the GL user reference guide(s).
I am more than happy to answer any questions either via the forum or off
line.
Colin Hugill
([email protected])
Colin Hugill
Consultant
(World A7.3 cum12)
Bert,
I would be very, VERY, careful about using 13th period for year end
adjustments.
It really has nothing to do with Fixed Assets, but more to do with the
manual control processes you need to put in place just for year end.
FA works fine, just make sure all FA related entries including
depreciation and disposals transfers etc are complete first. FA is very
capable of handling a real 13 (lunar or 4-4-4 week) period year and also
a 12 period 4-4-5 week basis.
In simple terms you need to make sure all "current year" transactions
(including FA, SO, IN etc ) are fully processed and out of the way.
Then define a thirteenth period. Could be OK if you have a 31 December
year, use Jan 01 as the end of period 12 but heaven help if you need to
repost or someone puts a "normal" transaction through with a Jan 01
date.
I have played with this aspect (definitely not a feature in my opinion)
many times in the past and have written it off as a realistic and
practical suggestion. Maybe I am wrong but then again??
I suggest that you evaluate all aspects via a "test" or CRP environment
with the financial users before thinking about really using it.
Read the GL user manual carefully and maybe (shiver me timbers this is
dangerous) consider the "##" journal type.
Realise also that JDE is very supportive of multiple year end closes.
Again this process is well covered in the GL user reference guide(s).
I am more than happy to answer any questions either via the forum or off
line.
Colin Hugill
([email protected])
Colin Hugill
Consultant
(World A7.3 cum12)
