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Dec 18, 2020 at 02:35 AM

Fiscal Year change from July-June to Calendar Year

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We want to change our fiscal year from from July-June to calendar year.

Currently July 2020 to June 2021 is defined as FY 2021.

we plan to define a shortened fiscal year of only 6 months from July 2021 to Dec 2021.

Thereafter FY2022 will be Jan 2022 to Dec 2022.

The question is what will be the period ID fiscal year ID for the periods June 2021 to Dec 2021.

Period 01/2021 has already been defined as July 2020.

We want Period 01/2022 to be Jan 2022.

What should be the fiscal year ID for the transition year (shortened fiscal year of 6 months from July 2021 to Dec 2021)?