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Former Member
Jul 15, 2008 at 08:36 PM

Posting Periods - changing fiscal year

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I'm new to this network, as well as being new to SBO. I just took over for another person here at my company. Our fiscal year was June 1 - May 31. This year, we are adopting a new fiscal year - it will be a calendar year. We will only have 7 periods in the first new fiscal year.

I have two problems that I can identify at this point. One, my predecessor set up the new posting periods, and made the mistake of setting the sub-periods to "year". I didn't catch this until just now. So June and at least half of July appear to be a single month, and I can't break out any of the figures for P&L, Balance Sheet, etc. I was able to remove the remaining periods (August - December). I don't know if there is any way to fix this.

The second thing is this - is it possible to set up the posting periods (monthly) for the rest of the year and have it stop at December? The help screens are pretty vague - it says that it will automatically create the 12 posting periods.

The ideal solution would be to fix June/July and create the correct posting periods through December. My knowledge of B1 isn't even to the toddler stage yet....

Thanks for any suggestions and/or help!

-Wes-