I have a situation where a company has been on a calendar year (Jan 1 - Dec 31) but was acquired by another company and needs to move to a fiscal year (Apr 1 - Mar 31). I performed the 2013 calendar year end close already. Transactions have been entered since Jan 1 2014. I have read the blog regarding the Fiscal Period Modifier but had some questions regarding how this PSTL tool would affect running the Year End Close again for April 1. I wasn't sure if the YEC looks at the Fiscal Period table to determine which transactions to roll forward during the YEC. Ideally they want to be able to run the Fiscal Period Modifier sometime in April 2014 to change to the new fiscal periods and then run the YEC sometime in April 2014 in order to start with new year balances. My idea was to run the Fiscal Period Modifier to change the dates and then run the YEC but I am not sure if it will capture the correct trx's for the correct periods and NOT affect the trx's out of the fiscal year period.
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