Settlement across the fiscal year

[Former Member]

Hi Gurus,

I have scenario as follows,

Cost is settled from WBSE to AUC in month of March'2008 (i.e. Period 12 of fiscal year 2007).

Now I want to settle that cost to final asset in month of April'08 (i.e. period 1 of fiscal year 2008).

Whether it is possible ? If yes what precautions need to be taken for this ?

Thanks.

Pradip

[virendra_pal]

usually for year end - the year end process must have been completed, however for the exact case you have outlined there would be no issues as long as the respective periods are open

[Former Member]

Thanks for immediate reply.

I will tell you the exact scenario.

Company has started in month of Nov'07.

We have moved the all the cost from period Nov'07 to March'08 from WBSE to AUC (This is specific requirement of client).

No final settlement (i.e. from AUC to Final asset) has been done.

From April'08 to till date nothing has been settled to AUC & Final asset.

So with scenario can i settle the cost from AUC (from period 12 of year 2007) to final asset in period 01 of year 2008 ??

Thanks & regards.

Pradip