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mayurprabhu asked a question on 15 May 2013 10:30 PM

Our company uses AX-2009. We have the fiscal period Jan-Dec for US Corporate reporting. We need to create another fiscal year Apr-Mar for Indian Income Tax reporting. We need both the fiscal years - Jan to Dec & Apr to Mar. How can we do it?

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André Arnaud de Calavon responded on 15 May 2013 11:27 PM

Within one company in AX2009 you can have only one fiscal year. I don't know if the Indian Income Tax is a report which automatically selects your fiscal year. Is is possible to enter a date interval manually for this reporting?

If not: For Sales Tax you can setup settlement periods. Perhaps do a modification then that you can setup which settlement period to use for this report.

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mukri_4@yahoo.com responded on 16 May 2013 1:24 AM

In AX 2009 It is not possible to have  2 fiscal year.

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mayurprabhu responded on 16 May 2013 1:30 AM

Rigt now the AX 2009 version we have is configured to have Jan-Dec as the fiscal year. I also need Apr-Mar as another fiscal year. Is it possible if we can create another company with Apr-Mar fiscal year?

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André Arnaud de Calavon responded on 16 May 2013 1:32 AM

Hi Mayur,

Yes. This is possible.

Within a second company you can create a different fiscal year.

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Zvika Rimalt responded on 18 May 2013 11:18 AM

Maybe you can look into using posting layers for posting the closing transactions for the US reporting year, and then report to the US company using operational + tax, while continue to generate/process your indian fiscal year by using the operational layer only?

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Suggested Answer
André Arnaud de Calavon responded on 16 May 2013 1:32 AM

Hi Mayur,

Yes. This is possible.

Within a second company you can create a different fiscal year.

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