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Fiscal year for India

Hi,

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

Regards

Kumar

Former Member
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