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Does D365 support assigning multiple calanders to the same Legal entity

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Posted on by 5

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

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 291,979 Super User 2025 Season 1 on at
    RE: Does D365 support assigning multiple calanders to the same Legal entity

    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.

  • Kaushik.p.k Profile Picture
    Kaushik.p.k 5 on at
    RE: Does D365 support assigning multiple calanders to the same Legal entity

    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

  • Suggested answer
    Manimini Profile Picture
    Manimini 58 on at
    RE: Does D365 support assigning multiple calanders to the same Legal entity

    pastedimage1673347705077v1.png

    pastedimage1673347780010v2.png

    pastedimage1673347832226v3.png

    What kind of report needed? 

  • Kaushik.p.k Profile Picture
    Kaushik.p.k 5 on at
    RE: Does D365 support assigning multiple calanders to the same Legal entity

    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.

  • Suggested answer
    nunomaia Profile Picture
    nunomaia 9 Super User 2024 Season 1 on at
    RE: Does D365 support assigning multiple calanders to the same Legal entity

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

    pastedimage1673290263287v1.png

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