We will need to change our fiscal year which currently ends on October 31st to match calendar year so FY 2022 will begin on 1/1/22 rather than 11/1/21. We spoke to Infor support and downloaded a number of KB articles on the topic but don't see an ideal solution. It seems Infor's recommended approach is to define a new company which would complicate our setup moving ahead. We also run AP and HR suites for what it's worth. Our books need to close on 10/31/21 for FY 2021 before making any changes and we don't want any adjustments made by the change to past periods. Some of the KBs state that the approach of extending the current fiscal year goes back and makes adjustments to prior periods and it sounds like an interim FY (2021.5) is not an option. Can anyone who has gone through this exercise of extending FY to match calendar share their methods and experiences? Also did you find it necessary to engage professional services? Thanks for any info.
