Whether your company uses a January-to-December calendar year or an alternate one, there may come a time when your Finance department decides you should make a fiscal date change in JD Edwards. If you want to make sure that date change proceeds smoothly, however, there are some best practices you need to keep in mind.
JD Edwards Fiscal Date Change Best Practices
Back Things Up
You don’t want to finish the date change only to realize you still need something from the old structure.
Testing is Key
Not only should you run every step that you can in proof mode to validate processing, but you should also step through the date change process completely in a test environment first.
Pick Your Reports
Finance needs to figure out which reports they’ll use to validate the conversion. We recommend the following:
- Consolidated Balance Sheet
- Consolidated Operational Expenses
- Consolidated Income Statement
- Fixed Asset Integrity Reports
- Open Accounts Payable Aging
- Trial Balance
NOTE: If you’re using the Accounts Receivable module, you should also include Open Accounts Receivable Aging on this list as well
Be Mindful of Your Environment
You’ll want to make sure that no one is using the environment in which you’re doing processing.
Changes can Cause Issues
When you change a date pattern in JD Edwards, be aware that any existing open financial transactions will be reported based on the new date pattern.
These were just a few of the tips, tricks, and best practices that will help you better understand fiscal date changes in JD Edwards. You can find more of them in our ebook: JD Edwards Financials 101. It’s bursting at the seams with great information, ranging from how to organize your Chart of Accounts to hot tips for mastering the Job Cost application, not to mention even more info on what you need to know about changing fiscal dates in JD Edwards.
In need of more specific information? We also have an extensive network of JD Edwards Financials consultants that can help.