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Does D365 support assigning multiple calanders to the same Legal entity

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Posted on by Kaushik.p.k

Hello Every one,

Our parent company is based out of US and follow fiscal year "Jan-Dec".

One of our subsidiary is based out of India and follows the fiscal year "Apr- Mar".

As I understand we can select only a single calendar in the General ledger >> Setup >> Ledger form.

This would be set to Apr-Mar in the Indian legal entity.

Is it possible to make entries in the Indian entity so as the Current layer follows the "Apr-Mar" Fiscal calendar

and the Operations layer follow the Jan-Dec Fiscal calendar ( we intend to use the operations layer for US GAAP)

and run the year end close for the current and Operations layers separately?

If not, Any suggestions on how to go to generate report for multiple legal entities which follow different Fiscal calendars?

Thank you, P.K.Kaushik

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nunomaia 25 Moderator on at

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If it's different legal entities you can have different legal calendars in Ledger Parameters

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Kaushik.p.k 17 on at

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Hello Nuno Maia,

In Indian legal entity Fiscal calendar would be Apr-Mar

Is it possible to make entries in the Indian entity so as the Current layer follows the "Apr-Mar" Fiscal calendar

and the Operations layer follow the Jan-Dec Fiscal calendar ( we intend to use the operations layer for US GAAP)

and run the year end close for the current and Operations layers separately?

If not, Any suggestions on how to go to generate report/consolidate multiple legal entities which follow different Fiscal calendars?

Thank you, P.K.Kaushik.

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Manimini 58 on at

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What kind of report needed?

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Kaushik.p.k 17 on at

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Hello Manikandan,

Consider this example

USMF ( following Jan-Dec )

INMF ( following Apr-Mar)

The consolidation company USIN will follow (Jan-Dec)

in INMF we will also have an operations layer where we will post USGAAP adjustments entry.

What would be the best way to consolidate USMF and INMF?

Thank you, P.K.Kaushik

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André Arnaud de Cal... 301,069 Super User 2025 Season 2 on at

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Hi Kaushik,

You can create a new legal entity for consolidation purposes with the Jan-Dec calendar and import financial transactions regardless of the fiscal calendar of each legal entity.

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