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what is the process to change the Parent Company's standard Fiscal year to FY (April-March)?

in Ask A Guru 7 comments

What would be the set-up in Netsuite if the Parent Company is operating on a calendar year (Jan-Dec 2022) and would be changed to Fiscal year (April 2023-March 2024) to align with the subsidiary entity's FY? what are the necessary steps to consider to ensure seamless transition in Netsuite's accounting periods?

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