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Update Fiscal Year End

Distributor steps for changing the fiscal year end month on a company in Encompass, done before that fiscal year is closed. Encompass Financials only; needs GeneralAccountingEdit permission and v24.04+.

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Written by Bailey Naas-Thornton

Minimum Version Required: 24.04

Pre-Conditions

Encompass Financials customers only

Must have GeneralAccountingEdit Permission

Steps

These steps must be taken prior to closing the Fiscal Year

(e.g. if you are changing from November -> December, this change must be made before November is fully closed)

  1. Go to the Companies table
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  2. Edit the desired record
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  3. Find the Fiscal Year Last Month field
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  4. Update the field to the desired last month of your fiscal year
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  5. Save Changes

Fields And Definitions

Companies.FiscalYearLastMonth - defines the ending month of the fiscal year for the designated Company. Different Companies can have different Fiscal Year Last Month

Best Practices

These steps must be taken prior to closing the Fiscal Year

(e.g. if you are changing from November -> December, this change must be made before November is fully closed)

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