Skip to main content

Notifications

Finance | Project Operations, Human Resources, ...
Answered

Fixed Asset Fiscal Calendar is Different from General Ledger Calendar

(1) ShareShare
ReportReport
Posted on by 180
Hello All - 
 
I have a client that uses a 4-4-5 calendar for all postings to the ledger except for Fixed Assets where they post depreciation each month based on a normal calendar year. Do I need to set up different fiscal calendars, one for Fixed Assets using normal start and end dates (i.e. 1/1/24..1/31/24) and
then one for the 4-4-5 period dates (i.e. 12/30/23..1/26/24)?
 
 
 
 
 
What is the difference between calendar year and fiscal on Depreciation year on the depreciation profile form?
 
 
 
 
 
Thanks in advance for any advice.
 
 
 
  • Verified answer
    saurabh bharti Profile Picture
    saurabh bharti 15,029 Super User 2025 Season 1 on at
    Fixed Asset Fiscal Calendar is Different from General Ledger Calendar
    Hi,
     
    Just to add to others point
     
    On depreciation profile if you select calendar that means you can use different calendar on Books for depreciation (That can be same as fiscal or FA specific)
     
    and if you select fiscal which means you would like to follwo the same one which you have in legder setup
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,241 Super User 2025 Season 1 on at
    Fixed Asset Fiscal Calendar is Different from General Ledger Calendar
    As Billur said, you set your 4-4-5 Calendar on the ledger and your Calendar year calendar on Fixed asset book:
     
  • Verified answer
    BillurSamdancioglu Profile Picture
    BillurSamdancioglu 16,455 Most Valuable Professional on at
    Fixed Asset Fiscal Calendar is Different from General Ledger Calendar
    You can create multiple calendars. You can only select one in Ledger. On assets you can select the others.
  • BarryR Profile Picture
    BarryR 180 on at
    Fixed Asset Fiscal Calendar is Different from General Ledger Calendar
    Frank - if I need to set up two calendars then how do I link them both to a Ledger?
     
     
     
     
     
     
    Also, when I attempt to add the FA ledger fiscal periods via Excel publish I get this error.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
  • Suggested answer
    Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,241 Super User 2025 Season 1 on at
    Fixed Asset Fiscal Calendar is Different from General Ledger Calendar
    Yes, you'll need two calendars.  Fiscal refers to other than a Calendar year, as in your case, the 4-4-5 Fiscal calendar.

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

Quick Links

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Announcing Forum Attachment Improvements!

We're excited to announce that attachments for replies in forums and improved…

Vahid Ghafarpour – Community Spotlight

We are excited to recognize Vahid Ghafarpour as our February 2025 Community…

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,965 Super User 2025 Season 1

#2
nmaenpaa Profile Picture

nmaenpaa 101,156

#3
a33ik Profile Picture

a33ik 84,325 Most Valuable Professional

Leaderboard

Product updates

Dynamics 365 release plans