How to Setting Fiscal Year for Different Cut Off Method
Scenario 1 Full Year End Cut Off
The year end in older database is done as at 31/12/2017.
In Common Module -> Setup -> Company Fiscal Year, the setting will be as per below:
Fiscal Year ID 201701,
1) Is Cut Off Fiscal Year = Y (Yes)
2) Start Transaction/ Consist GL Transaction = UNTICK
Fiscal Year ID 201601 and below
3) Is Cut Off Fiscal Year = X (Not Applicable)
4) Start Transaction/ Consist GL Transaction = UNTICK
Fiscal Year ID 201801 and above
5) Is Cut Off Fiscal Year = N (No)
6) Start Transaction/ Consist GL Transaction = TICK
Scenario 2 Mid Year End Cut Off (1 Full Accounting period, partially cut off and migrated to Dynamod)
User is starting to use the Dynamod on March 2018, full accounting period is 1/1/2018 - 31/12/2018.
In Common Module -> Setup -> Company Fiscal Year, the setting will be as per below:
Fiscal Year ID 201801, User only can key in Accounting Opening, Supplier, Customer, Stock Opening as at 28/2/2018
1) Is Cut Off Fiscal Year = Y (Yes)
2) Start Transaction/ Consist GL Transaction = UNTICK
Fiscal Year ID 201803, User can start do normal transaction starting from March 2018
3) Is Cut Off Fiscal Year = Y (Yes)
4) Start Transaction/ Consist GL Transaction = TICK
Fiscal Year ID 201701 and below
5) Is Cut Off Fiscal Year = X (Not Applicable)
6) Start Transaction/ Consist GL Transaction = UNTICK
Fiscal Year ID 2019 and above
7) Is Cut Off Fiscal Year = N (No)
8) Start Transaction/ Consist GL Transaction = TICK
