Our fiscal year runs from Sept 1, 2012 - Aug 31, 2013. Our current fiscal year is called 2013. The company's ownership has changed, and they wish to close 2013 as at July 31st. We would then run a short year, from Aug 1, 2013 to December 31, 2013 and then close end of December, as that is their year end for all companies belonging to the group. The new year, opening on Jan 1, 2014 would be Fiscal 2014.

How does Adagio handle this? If we are running 2013 now, and don't actually want 2014 to start until January, what would the interim period be called? How would it be handled?

Thanks for whatever input you can provide!

Barb