Re: [SL] Extending financial year

[Dieter S. <dsi...@sq...>]

On Tue, 7 Aug 2007, Greg Bolshaw 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.
>
> 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 SQL Ledger? Is
> there anything that I need to consider?

Your financial year may span over any period, it does not have to be a 
year.