FY change Blank Title 104996

Hi,

Just giving this FY change message a bump.
I'm still looking for any advice or comments you can give on a fiscal year change.

So far I've been looking at the following two general solutions.

1 - One short fiscal year
- Close the current FY (2012, all 12 periods)
- start a new FY (also 2012 but has fewer periods)
- Increase periods to 12 for the new FY - 2013

2 - One long fiscal year
- Increase the number of periods (17 in this case)
- closed out all income statement accounts to RE, accumulating info for the short year(8/1/2012 to 12/31/2112 in this case)
- Reduce the number of periods to 12 for FY 2013

Thanks


--- In vantage@yahoogroups.com, "cooner_55421" <cooner_55421@...> wrote:
>
> Hi,
>
> I'm looking for advice on making a Fiscal Year change.
>
> Current = 8/01/XXXX to 7/31/XXXX
> Future = 01/01/XXXX to 12/31/XXXX
>
> The Company GL setup looks like this now:
> - Number of Periods = 12
> - Year = 2012
> - Period = 3
>
> It looks like the easiest approach would be to add 5 periods to FY 2012 so that it ends in 12/31/2012? Then start FY 2013 with 12 periods?
>
> Is there any (easy) way to make 2012 a short year?
> 5 periods and end 12/31/2011?
> If a new year begins on 01/01/2012... the year 2012 has already been used.
>
> Thanks
>
Hi,

I'm looking for advice on making a Fiscal Year change.

Current = 8/01/XXXX to 7/31/XXXX
Future = 01/01/XXXX to 12/31/XXXX

The Company GL setup looks like this now:
- Number of Periods = 12
- Year = 2012
- Period = 3

It looks like the easiest approach would be to add 5 periods to FY 2012 so that it ends in 12/31/2012? Then start FY 2013 with 12 periods?

Is there any (easy) way to make 2012 a short year?
5 periods and end 12/31/2011?
If a new year begins on 01/01/2012... the year 2012 has already been used.

Thanks
How about history transactions - fiscal month and year update.

It will require hitting all files with fiscal month and year.

What version are you running? SQL or Progress?

Sent from my iPhone
1-734-812-9532 - cell#
Carl Peterson


On Oct 26, 2011, at 3:50 PM, "cooner_55421" <cooner_55421@...> wrote:

> Hi,
>
> I'm looking for advice on making a Fiscal Year change.
>
> Current = 8/01/XXXX to 7/31/XXXX
> Future = 01/01/XXXX to 12/31/XXXX
>
> The Company GL setup looks like this now:
> - Number of Periods = 12
> - Year = 2012
> - Period = 3
>
> It looks like the easiest approach would be to add 5 periods to FY 2012 so that it ends in 12/31/2012? Then start FY 2013 with 12 periods?
>
> Is there any (easy) way to make 2012 a short year?
> 5 periods and end 12/31/2011?
> If a new year begins on 01/01/2012... the year 2012 has already been used.
>
> Thanks
>
>


[Non-text portions of this message have been removed]
We're Progress. Thanks.
> How about history transactions - fiscal month and year update.
> It will require hitting all files with fiscal month and year.

I did find an old tech tip for doing something like this.
Close a year short and re-using the Year.
It seems to indicate that the system will keep track of everything, even though there would be two years called 2012.

But I just get the feeling that one long year that ends 12/31/2012 is simpler all the way around.
Any opinions on whether I can assume this would be like any other year end? (Except for having more periods).

--- In vantage@yahoogroups.com, Carl Peterson <cpeterson@...> wrote:
>
> How about history transactions - fiscal month and year update.
>
> It will require hitting all files with fiscal month and year.
>
> What version are you running? SQL or Progress?
>
> Sent from my iPhone
> 1-734-812-9532 - cell#
> Carl Peterson
>
>
> On Oct 26, 2011, at 3:50 PM, "cooner_55421" <cooner_55421@...> wrote:
>
> > Hi,
> >
> > I'm looking for advice on making a Fiscal Year change.
> >
> > Current = 8/01/XXXX to 7/31/XXXX
> > Future = 01/01/XXXX to 12/31/XXXX
> >
> > The Company GL setup looks like this now:
> > - Number of Periods = 12
> > - Year = 2012
> > - Period = 3
> >
> > It looks like the easiest approach would be to add 5 periods to FY 2012 so that it ends in 12/31/2012? Then start FY 2013 with 12 periods?
> >
> > Is there any (easy) way to make 2012 a short year?
> > 5 periods and end 12/31/2011?
> > If a new year begins on 01/01/2012... the year 2012 has already been used.
> >
> > Thanks
> >
> >
>
>
> [Non-text portions of this message have been removed]
>