Hi Barb,

I've had to do this with 3 or 4 companies over the last couple years so it's definitely doable in Adagio. In all cases we stuck with the same databases (including GL) and modified the Financial Statement specs to do the required reporting. In our case the comparatives were only over 2 years and we found that we needed different custom specs to deal with each of the new years, which for you would be 2013A and 2014 (the first full year under the new scheme). From 2015 onwards (assuming your comparatives are only 2 years you should be able to use your current specs again.

In my most recent case, the client wanted to treat what you call the "short" year as a "long" year. In other words, they would have wanted to treat the YTD position reported in September 2013 as covering 13 periods not 1 and December 2013 as 16 periods not 4. Not being an accountant, it was not for me to question their motives but simply to do their bidding as their Adagio guy. While painless for the end user, I did find writing the required specs challenging to say the least.

Changing at the end (rather than the beginning) of August would have been "cleaner" from your current perspective but the good news is that whichever way you want it your Adagio guy can do it (or find out how to do it) for you. However, once you decide when the change is to occur it is important that you get the Fiscal calendar sorted out before beginning to key transactions into a period that we would want to have no transactions or they will have to be reversed out and posted to the correct period anyway. This would be an unnecessary waste of time and resources and Time and Resources = money (right).

I'm sure you'll find a good solution for this.

Pete