Good day to you all once again,

We are acquiring a company whose year end is June 30 and our goal is to change that to Dec 31...

I ponder what the best approach would be in as far as Adagio is concerned.

Should we:

1. create a new company with a year of of June 30 and close it at Dec 31 at which point we would create a new set of books cycling on Dec 31

2. create a new company with a year end of Dec 31 effectively running a short year


Thank you!

There is no "best" approach to this problem. It's dependent on your reporting needs. Your Adagio consultant can walk you through the choices and the tradeoffs.

Thank you Andrew, it is really an accounting question!

Keep well and,

Cheers, JK