Hi,

Contrary to some of the statements above, Adagio does handle this fairly effectively. We routinely do this type of reorganization within Adagio because this is a common situation as companies grow, and consolidate or reorganize. We're accountants as well, so we understand the implications.

It's worth noting that Adagio is one of the few accounting software solutions that actually allow you to create a stub period fiscal "year", whereas most require you to recreate an entire new dataset. Creating a new GL dataset will work but in our experience is the least desirable resultant, given you can create a stub fiscal year (period) within Adagio and retain your GL history.

The -A ,-B solution that Andrew describes for stub GL's will allow you to do the requested stub period reporting, and we believe was created for this specific need.

You do need to know that comparative reporting for previous fiscal periods with different year ends ie period 12 to period 12 is a still problem but would still be a problem if you recreated a new dataset. You cannot revise historically posted periods in the closed GL fiscal periods but you can trick the financial reporting to pull in comparable periods such as Dec (period 12) and compare to a previous Dec that might be period 5 in prior years.

Normally in the situation described, we recommend that the new stub period will really start with period 8 in August, and end in period 12 in December 2013, so that going forward you have comparative reporting monthly reporting for subsequent full fiscal year reporting. You will probably need to modify your current financials if they do monthly comparisons between previous and current fiscal years but that is easy enough to do.

You need to end the year for the current July 31, 2013, and create a 2013-A after you have rolled the year. We usually do with GV Read/Write, and adjust the 2013-A fiscal periods so that August will be retrieved into 2013-A as period 8. You will need to do fairly quickly to avoid remedial corrections within your retrieved or posted batches.

Talk to your Adagio consultant, and if they cannot help you with this solution, we can help you with an Adagio solution.

Best,
Brian