On 8/7/07, Greg Bolshaw <[EMAIL PROTECTED]> wrote:
>
> Dear list
>
> Here in the UK, when a new company is formed, the end of year date is
> automatically set to the last day of the month in which the company was
> created. We have the option to make a one-off change to this date so
> that it falls inline with another tax deadline or the calendar year.
> This change is made by either reducing or extending the length of the
> first financial year accordingly.
Year-end procedures in LedgerSMB are only semi-automated.
I have extended the period of my company's first financial year to 17
> months. My question is, how do I account for this in LedgerSMB?
By doing your balance statements, income sheets, and year-end for the
appropriate dates when the books are ready to be closed.
Is
> there anything that I need to consider?
Nope.
Best Wishes,
Chris Travers
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