web
You’re offline. This is a read only version of the page.
close
Skip to main content
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Company with Two Ledge...
Finance | Project Operations, Human Resources, ...
Unanswered

Company with Two Ledgers with Different Fiscal Periods

(0) ShareShare
ReportReport
Posted on by RSM_RCarrillo 341

Greetings,

I have a client with a very interesting need.  He needs to generate financial statements for the same company but under different Fiscal Period rules.  The company has the fiscal year periods going from January to December and he wants to keep the company this way.  However, he also needs to report the same company as if it were under a July to June fiscal year.

Is it possible to have the same company with two ledgers, each with a different set of fiscal years?  If not, any recommendations?

This company is G/L only, no transactions of any sort other than Journal Entries.

Thanks.

Categories:
Microsoft Dynamics GP
I have the same question (0)
  • Robert Yao Profile Picture
    Robert Yao 492 on at
    RE: Company with Two Ledgers with Different Fiscal Periods

    Hi Ricardo,

    You cannot do it in GL trial balance but you can try it in Management Reporter with 12 months in the columns labeled with July to June plus the column of Beginning balance & total those 13 columns, you don't have to print individual column but just total column. be careful with the base year in the column layout.

    Hope it helps,

    Rob 

  • RSM_RCarrillo Profile Picture
    RSM_RCarrillo 341 on at
    RE: Company with Two Ledgers with Different Fiscal Periods

    Hi Rob,

    Thank you very much for your response.  Not sure if by just making changes to the columns in MR they will get the financial results they expect but, I'll give it a try.

    Kind regards.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

News and Announcements

Join experts in person to explore low code and AI agents at the Power Platform Community Conference sponsored by Microsoft

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Abhilash Warrier – Community Spotlight

We are honored to recognize Abhilash Warrier as our Community Spotlight honoree for…

Congratulations to the September Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

#1
CA Neeraj Kumar Profile Picture

CA Neeraj Kumar 1,933

#2
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 793 Super User 2025 Season 2

#3
Sohaib Cheema Profile Picture

Sohaib Cheema 537 User Group Leader

Last 30 days Overall leaderboard

Featured topics

End-of-life Announcement for Microsoft Dynamics GP

Product updates

Dynamics 365 release plans