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Consolidation Parent Company with the different Financial year

  • November 4, 2024
  • 1 reply
  • 58 views
A
Freshman I

Hi, can we set up a Consolidation Parent Company with a financial Calendar that differs from the one used by the Consolidation Units?

We have a client whose fiscal year begins from January, but for reporting purposes, they would like to setup a Parent consolidation Company ( preferably within the Same tenant) to use a financial calendar begins from the month October(they have “Multiple Calendar Support” feature enabled).

So when we run the consolidation Import, the period 01-2025 (January 2025) data from the Consolidation units should get imported into the period 04-2025 (January 2025) in the Parent Consolidation Company.

Thanks

Best answer by Laura03

Hello,

Acumatica help indicates that we CAN configure a consolidation unit that has a different fiscal year from the Parent company.

I don’t have direct experience with consolidating companies that have different fiscal years; maybe someone else can add more detail for you.

Laura

    Laura03

    1 reply

    Laura03
    Captain II
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    • Laura03
    • Captain II
    • Answer
    • November 5, 2024

    Hello,

    Acumatica help indicates that we CAN configure a consolidation unit that has a different fiscal year from the Parent company.

    I don’t have direct experience with consolidating companies that have different fiscal years; maybe someone else can add more detail for you.

    Laura

    ~ Laura Barber, WM Synergy
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