Hi Forum, one of my clients has their Financial year defined as Start 010905, End 310806 but I have just found out that this is wrong, it should be 011005…300906 and I’m looking for advice on the best way to resolve this without messing up their accounts. Should I…
a) Leave Start at 010905 and make period 12 start at 010806 and end at 300906 i.e extend the period to 8 weeks or.
b) Leave Start at 010905 and create a 13th period
c) Find out who entered them incorrectly in the first place and put a contract out on them
Which is the best method a or b or can someone suggest a far better resolution. I only found out the mistake when I defined next years dates prior to them closing year end.
c is not an economic option as he now lives abroad.