Login
Register
Search
Home
Forums
Jobs
LawsonGuru
LawsonGuru Letter
LawsonGuru Blog
Worthwhile Reading
Infor Lawson News Feed
Store
Store FAQs
About
Forums
Financial Management
Lawson S3 Financials
Fiscal Year change to Calendar year
Home
Forums
Jobs
LawsonGuru
LawsonGuru Letter
LawsonGuru Blog
Worthwhile Reading
Infor Lawson News Feed
Store
Store FAQs
About
Who's On?
Membership:
Latest:
Chris Radcliffe
Past 24 Hours:
0
Prev. 24 Hours:
1
Overall:
5187
People Online:
Visitors:
282
Members:
0
Total:
282
Online Now:
New Topics
Lawson Landmark
LPL INSTR Functions
4/5/2024 8:32 PM
I'm writing a simple report using the Create R
Infor SCM
Translating 856 to get the ~ REF^CN^ field
4/3/2024 8:24 PM
We are trying to get the tracking number which is
IPA/ProcessFlow
Sample XML file create Flow
4/3/2024 3:43 PM
Hello everyone, I am new to creating XML files
Lawson S3 HR/Payroll/Benefits
bn105 error message
3/26/2024 6:40 PM
I need to change some of the set ups in our Life I
IPA/ProcessFlow
IPA executing Job
3/13/2024 7:08 PM
New to the IPA world and was wondering, can an IPA
Lawson S3 HR/Payroll/Benefits
Life Age Reduction on benefits plans
3/12/2024 7:15 PM
For our optional life we have an age based coverag
Lawson S3 HR/Payroll/Benefits
BN53.1 Add-In
3/7/2024 3:31 PM
We are migrating to Solstice. They require a
Lawson Business Intelligence/Reporting/Crystal
Domain Name Change
3/5/2024 7:45 PM
Our domain name needs to change and was hoping I c
S3 Customization/Development
Cobol calling Shell Script
2/29/2024 1:27 PM
Has anyone created or modified a Lawson Cobol prog
Infor ION
ION vs IPA
2/29/2024 1:24 AM
We had a person new to Lawson and Infor go to Info
Top Forum Posters
Name
Points
Greg Moeller
4184
David Williams
3349
JonA
3288
Kat V
2984
Woozy
1973
Jimmy Chiu
1883
Kwane McNeal
1437
Ragu Raghavan
1348
Roger French
1311
mark.cook
1244
Forums
Unanswered
Active Topics
Most Liked
Most Replies
Search Forums
Search
Advanced Search
Topics
Posts
Prev
Next
Forums
Lawson S3 Financials
Fiscal Year change to Calendar year
Sort:
Oldest First
Most Recent First
You are not authorized to post a reply.
Author
Messages
TWiese
New Member
Posts: 2
11/28/2017 6:04 PM
Our organization just announced its being sponsored by another Healthcare Ministry. They currently run their financials on a calendar year. We closed FY17 in June. We started FY18 in July. I need ideas as to how others have worked with this type of situation(moving 6 months of data into a new FY) I have been given instructions to use GL500 but the logic does not make sense for our particular situation. What happens to the first 6 months that are also reflected in Flex Budgeting, AC/AM. How do the balances whether current or from FY17 get reflected in the GL. Any help would be greatly appreciated.
TracyO
Veteran Member
Posts: 97
11/28/2017 6:34 PM
We are going throught the same thing only the other way. We are going from 12 monthly periods to 13 periods. I am not sure exactly what your concerns are. We have to short close our AC/AM systems also to stay in sync with our GL. I do not know much about AC & AM, but we are waiting on a JT because the AM192 - short year close is not working when our last period of the year is 12. I can try to help you if you have other questions, but we are just in our beginning test stages of this ourselves
Len P
New Member
Posts: 1
12/1/2017 6:46 PM
What the GL500 does is change your GL Companies GL10 Calendar. In your case from a calendar that starts wit July to a Calendar that starts in January. The GL500 takes all history reorganizes the Periods, and YTD balances based on the new calendar.
If you are doing this this July as the current period, in the current calendar July would be Period 1 of FY2018, but after running the GL500 July would be Period 7 of FY2017.
The first 6 months (January to Jun in the example) are periods 1 thru 6 of FY2017.
A couple of recommendations:
Save a backup, perhaps as a new product line, of the data BEFORE the GL500. This is usefull for reporting.
Adjust GL Report Writer reports for the new FY comparisons.
You will need to run the rebuild programs (GL330, GL320, GL325) after running the GL500.
There are also calendars that need adjustment in AM, AC, AP and IC.
You are not authorized to post a reply.