We have a deemed year-end on May 31st due to a change of control. Our usual year-end is February 28th, but we're going to stay with the new May 31st year-end going forward. While I understand it's super easy to change year-ends I do have a couple of questions about the process.

~ How do I get two "2019" year-ends in the GL? Currently we have our February 28, 2019 YE, and we have a Feb 28, 2020 YE ...but I need to have a May 31, 2019 YE (only 3 months) and a new May 31, 2020 YE. I've edited the fiscal calendar so that my current "2020" YE only has March-May as open periods, and June-Feb are now closed. And I've edited the "2021" fiscal calendar to be our new year from June 2019 to May 2020. So basically I need another "2019" YE for March-May, and my "2021" YE needs to be a "2020" YE.

~ There's already batches posted in the current 2020 YE period 4 (June 2019) and a bit onward, but I've since closed those periods and June 2019 is now period 1 of new YE 2020 (...except that Adagio has it as YE 2021...). Is the easiest way to get the transactions into the right fiscal period to unpost and repost the batches?

I hope I've been clear with what I'm asking ...it's a bit convoluted.

Thanks
Jean

Hi Jean

We don't call this a "deemed" year-end. It's a short fiscal year.

It's not super easy to change year-ends. In fact, it's very complicated, especially if activity was posted in a period that is now in a different year, as is your case.

You should contact your Adagio consultant on the best way to do it. It's beyond the scope of this forum.

If that person needs assistance, have them contact me and I will show them the steps.

Steve