Re: Fw: fiscal year change

["James W. Kilgore" <eMail@xxxxxxxxxxxxxxxxxxx>]

Alan,

I've also worked with companies that have changed their idea of what
constitutes a year, so by hard knocks, now keep all data by calendar
month (it never changes).  A control file has the fiscal start month to
use as an offset.

For example if you have a normalized G/L file with year, month, account
number as the key and month-to-date dollars as data you can compute the
year-to-date on the fly.  A change in fiscal start month is a simple
change to the contents of the control file with no programs requiring
change.

P.S. We also operate in a multi company environment and not all
companies have the same fiscal start.  It works nicely for this
situation also.

> Alan Cassidy wrote:
> 
> I'm preparing for a fiscal year change coming up at the end of
> December 2000. It will be the third accounting period for what is now
> our fiscal year 2001, as in the old style.
> 
> The new parent company requires us to change to a calendar-type fiscal
> year, which means January 2001 will be the first accounting period in
> the new, improved, refreshed fiscal 2001.
> 
> Any suggestions on (generally) best approaches? Or...experiences,
> special gotchas...
> 
> - Alan Cassidy
> acassidy@pioneermetals.com
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