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Change of Financial Year End

  • May 20, 2022
  • 2 replies
  • 284 views
V
Freshman I

Client intend to move the financial year end from 31st March to 31st December to align with holding company.

May I know how and where to change the financial year and the implications and changes expected in Acumatica system.

Thank you.

 

 

Best answer by vkumar

Hi @vivienkiong56 

Please refer to following thread. Let us  know if you have further questions. 

Regards,

Vijay

 

    2 replies

    V
    Acumatica Employee
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    • vkumar
    • Acumatica Support Team
    • Answer
    • May 20, 2022

    Hi @vivienkiong56 

    Please refer to following thread. Let us  know if you have further questions. 

    Regards,

    Vijay

     

    VijayKumarU
    Kandy Beatty
    Chris Hackett
    V
    Freshman I
    • vivienkiong56
    • Author
    • Freshman I
    • October 21, 2022

    Currently client is using Fixed Asset and Deferred Revenue, so they unable to change financial year ended 31-Dec. The current financial period is 1-Apr-21 till 31-Mar-22 (FY=2022). Intend to change to 1-Apr-22 ~ 31-Dec-22 (9 months for FY2022), then FY 2023 from 1-Jan-23 ~ 31-Dec-23 (12 months).

    Can this be done? 

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