Can we have two different date patterns in use? one for gl reporting the other for Fixed Asset depn
Back in October 2013, we changed our fiscal year from 1 April - 31 March, to a calender year 1 January - 31 December.
In JDE, the 2013 year is a 9 month year, 1 April 2013 to 31 December 2013.
Reflected as follows in our fiscal date pattern (R)
Period 1 : end date 30/04/2013
Period 2: end date 31/05/2013
Period 3: end date 30/06/2013
Period 4: end date 31/07/2013
Period 5: end date 31/08/2013
Period 6: end date 30/09/2013
Period 7: end date 31/10/2013
Period 8: end date 30/11/2013
Period 9: end date 31/12/2013
Period 10: end date 31/12/2013
Period 11: end date 31/12/2013
Period 12: end date 31/12/2013
Now in our first month of reporting the new calendar, we have had a significant problem with our accounting depreciation calculation.
In January EVERY asset on our asset register has had its useful life shortened by 3 months, resulting in our depreciation expense being 3 months’ worth.