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Forums Lawson S3 Financials

Changing GL from 12 to 13 Periods

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ksp
New Member
Posts: 1
New Member
8/23/2018 5:23 PM
    Our idea is to have the 13th period in order to post entries specific to year end such as inventory adjustments, audit adjustments, etc. We'd like the 13th period to be the last day of our fiscal year. I am concerned about: subsidiary modules such as AP, Asset Management, IC, AR, etc being somehow negatively impacted by the change. Also is it possible for the end of the 12th month to be 9/30/20xx and also have the 13th month begin and end date 9/30/20xx?

    Has anyone else made this change? If so - what are some things we need to consider in order to make the transition as smooth as possible.

    Thank you for your thoughts!
    TracyO
    Veteran Member
    Posts: 97
    Veteran Member
    8/23/2018 5:38 PM
      We currently changed from a 12 period close to a 13 period close. The only issue on making that change is you have to make sure to make the changes before any JE's are created to the period(s) you want to change end dates on.
      Ken U
      Basic Member
      Posts: 7
      Basic Member
      8/29/2018 5:50 AM
        What are you posting? GL JE's? Even if it's IC JE, you can unrelease the IC JE and assigned a source code (for example, YE for Year End) at GL40.2 and re-release them. For GL JEs, you would assign YE in source code (defaults JE). You can create the user defined Source code in GL05. Then you can query the data with GLCONTROL.SOURCE-CODE = YE to segregate the Year end entries.

        Much simpler for what you are trying to do.
        Boyd
        Advanced Member
        Posts: 39
        Advanced Member
        4/1/2020 6:51 PM
          I am looking into adding period 13 into Lawson. Would anyone on this thread be open to discussing the process and any lessons learned?

          Hope you are safe.

          Boyd
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