Sage 100

Sage 100 Adv 4.50 - customer needs to change to fiscal from calendar year. I ran a test and it seems straight forward to create a short year, let the system recalc (which is prompted after changing from 12 periods) and then access the future fiscal year enter the new ending period date for period one and then recalc the remaining period end dates. Are there any 'gotchas' out there that I might miss? They are staying on calendar year for inventory.

Be aware of accruals. For example, the year ended on December 31st. An accrual was entered on December 31st, then reversed on January 1st. If the new fiscal year ends on December 29th the accrual will be lost. If each period end ends on the last day of a month you can still have an issue. For example: An accrual is entered on December 31st and reversed on January 1st. The new fiscal year is October 1st to September 30th. The accruals made on December 31st are now in the 3rd month of the new year, and those reversed on January 1st are now in the 4th month of the new year.

Thanks @DougHiggs. The prior years are remaining calendar based, with one short year. The new years will be fiscal periods. I'll watch for missing transactions though just in case.

If you are just creating a short year and moving forward you should be fine. Redoing prior years can be a pain. The only other issue I have run into is the debate over which fiscal year is it. In other words is fiscal 2014 the year that starts in 2014 or the year that ends in 2014?

That last part made me chuckle @GeneUlrich - it like 6 of one 1/2 dozen of another. Thanks for the input.

Look closely at Inventory - I had some issue where a customer had a short year and it caused their inventory report to show a short year as well (which they were unhappy with). I don't know if this is relevant to you. We fixed the issue by using DSD's inventory recalc utility. Have the customer pay careful attention to all their important inventory reports.

Good advice @WayneSchulz - I hadn't considered that leaving inventory calendar would possibly create a short year.