Fiscal Date Pattern Changes - Calendar year to 4-4-5 -
E1 - 9.1 - We are considering changing our date patterns. We have only GL/AP - No AR and No fixed Assets.
We are currently on a calendar year fiscal pattern and are in period 1. We want to change the year end to September and change to a 4-4-5 calendar. What that means is that this P1 would be followed by a Period 5. Would we be better off forcing extra periods in January 1-2 day periods to have P2, P3 and P4?
We need P5 to be 1/30-2/23. So - should we have P1 = 1/1-1/23, P2 = 1/24-25, P3 = 1/26-27, P4 = 1/28-29 and then P5 follows and the 4-4-5 schedule picks up thereafter.