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Former Member
May 11, 2009 at 11:56 AM

Shortened Fiscal Year

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Hi,

It will be great help if i am getting fatser reply.

How to use shortened fiscal year for the below scenario.

Business is starting from : Oct 2009

Shortened Fiscal Year : Oct - Dec 2009

General Fiscal Year : Jan - Dec, Calendar Year

Questions:

1) What changes do i need to do once completion of 2009?

2) Do I need to Maintain two FYV? To use second one after completion of 2009.

Please let me know if i need to provide any more details.

Regards,

Pankaj