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Former Member
Apr 08, 2010 at 04:13 PM

delete or change posting period

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hello

We have a customer which was purchased by a large corporation.

Before the purchase, they created their calendar and Fiscal year according to the calendar year: Jan 1st to Dec 31st.

After the purchase, they need to run their Fiscal year from July 1st to June 30th.

2009 - was already closed.

2010 u2013 we have 12 periods one for each month.

2011 u2013 to be opened

We intend to:

Close year 2010 with only 6 months: Jan 1st to June 30th

Delete from period 2010 the periods of July 2010 till December 2010.

Create a new period of 12 months: July 1st 2010 to June 30th 2011

Create a new period indicator u201C2010-1011u201D and link the periods to it.

Link the document series to the new period indicator.

My question is:

Is it better to delete from period 2010 the periods of July 2010 till December 2010

OR

Is it better to set Juneu2019s period till June 24 and then use the other 6 periods, 1 for each day of June so no periods are deleted?

Thanks

Revital