Fiscal year for India
I have one requirement
We have one group company and multiple company codes across countries and they all have the fiscal year as Jan to Dec .
But in India case we have April to march fiscal year
Now I canu2019t maintain 2 fiscal years ( we donu2019t have new GL activation)
I understand I have the option either to maintain group fiscal year or country fiscal year and derive financial statements for the other through adjustments.
What are the pros & cons if we maintain April to mach fiscal year Group point of view?
What are the Pros & cons if we maintain Jan to Dec fiscal year in India co-code point of view?
If anyone has met with similar scenarios, I request your inputs on this asap. Your few minutes on this will help me to put a step ahead.
Kindly guide me on this
Thanks in advance