Defining fiscal calendar ahead?

[eswarhyde]

Version R12/11i? = R12/11i
Instance PROD/TEST/VIS? = PROD/TEST/VIS
Module? = GL
OS? =
hi alll i am new to forum as well as erp
can u plz let me know why we need to go one year ahead when we are defining fiscal calendar. is it for assement year we r considering??
for indian fiscal year 2007
we start defining from apr 2006 -mar2007
if this is correct do we need to consider any other issues
anticipating valued suggestions .. thanks in advance

[tgs100]

I could not fully understand your question. Are you talking about GL calendar or FA calendar?

In GL, we define the accounting assessment year. Again, it depends on the company policies. May be Apr to March or Jan to Dec or any other period.

Cheers,
Saravanan

[hiszaki]

Hi eswarhyde

Some module (like FA) need to defined at least 2 years the current year & next year for depreciation functions.
In GL need to define the year start from period to period for the closing year functions (make expenses account become 0 in the next year & so on ...)

You can define the start period till period according to your analysis & you company need (12 months or 18 months in the year)

Thanks
Hisham