We currently operate on a 4-4-5 calendar. This coming year we will have 53 weeks in our fiscal year. Our FR00.1 calendar is currently setup with 53 weeks, however, the question has been asked if we can change the calendar to 52 weeks?
We have the following questions/concerns:
1) How will this affect our interest calcuation on notes?
2) How will this affect the scheduled billings for the 53 week. Will the system generate the billings which are interfaced from the FR (franchise module)?
3) By removing the 53rd week for the current fiscal year, will that affect the following year as we will be missing a week in our calendar?