When we implemented, we decided to go back 5 years (2015-2020) on the financial history that we would store in Epicor. On the advice of Epicor, I created a single period in 2014 to store the trial balance so that for the first period of 2015 history we would have beginning balances.
Now we are trying to create 2021 calendar and are getting the following:
I have gone into a sandbox and created the other 11 periods via DMT which works fine. Since we will not be putting any data in those periods, is this the right way to fix this error?
Although Iâve not seen this error before, I wouldâve have thought that you would just âupload the beginning balancesâ for FY2015, P01 and called it done (Iâve not heard of needing the previous period in order to do that)
As for your solution, I canât see why it wouldnât workâŚ
@Doug.C Thatâsâ correct. I would check the opening balances of the Balance Sheet and Retain Earnings for the following year. If you have any issue, please run Verify Balance Process which will fix it.
Previously Fixed Asset module does not check Fiscal Period for Service Date but now does in E10.2. Recently I have created Fiscal Years starting from 1969 for one of the clientđ
I figured out what we did (which the accounting team didnât catch). We created the 2014 fiscal year with 12 periods, but I only did the 12th period. I didnât realize at that point, and didnât learn until tonight, that I should have created the 2014 calendar starting at 12/1/2014 instead of 1/1/2014. Oh wellâŚ
Just for fun, in the sandbox, I deleted the first period of the fiscal calendar which toasted the rest of the calendar and recreated it like I originally should have. It told me I would need to verify balances, which I dutifully performed. Everything looks ok, but I really donât feel good about doing so in the live. I think it would just be better to add in the blank periods and move on.
