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Former Member
Apr 23, 2009 at 12:06 PM

Shortened fiscal year

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Hi All

My project is going live on 1st June 2009 . The client's FY is april to march but this year they are extending it by 6 months n will end on 30th sep Also from October their new FY will start and will be of six months till March .

Now we will upload trial balance as on 31.05.09 .

But what should I do for FY of 18 months ? If I make it a shortened FY variant starting frm April to September for 6 months and also assign it what will be the treatment for next FY variant frm oct to mar ?

Please advice regarding number range assignment , depreciation run and also carry f/w of balances .

Thanks