Hi people,
I don't know how many of you have experienced this but the bank I work for shall probably change the financial year from an October to September year to the typical January to December financial year. We still don't know whether we shall be doing this change until December 2016 or December 2017 as talks are still in progress. Whatever will be decided, we might need to have either a 15 month long financial year eg. from October 2016 to December 2017 or we might need to have a 3 month long financial year eg. October to December 2016 so that we could start a fresh financial year as from January.
Just a short background on our setup, currently we only make us of the General Ledger module and we have an average of around 1.5 million daily transactions on the GL. We have been using version 2009 since we went live in 2009 and we never did any purging. We report the monthly management accounts and the semi annually published financial statements directly from AX by querying an Oracle database which reads real time data from the GL.
My questions are:
1. Do you know whether it will be a problem for AX if we have either a 3-month long or a 15-month long financial year?
2. Are there any aspects which we need to be on the look out for please?
Thanks a lot.
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