When you need to create a short year in GP due to a business being purchase or sold and you have two fiscal years ending in the same year, you cannot use the same year for the fiscal period ID.

Options we have:

1. Close the year in the middle and just start the next year with the next available year. So, you would have a short year of 2016 (or whatever), and 2017 would be the remainder of the year of purchase. The first full year would be 2018, but the actual date would be the 2017 calendar year. This has not been a popular choice.

2. Close the short year in 2016 and create a year for way in the past or way in the future to hold the date of your first stub year. Creating it in the past has been the most popular. You would create the year 1917 with the dates from the start of your short year, to the end of the year. Then, you could create 2017 starting on January 1st. You would only have one odd dated year, which in three years nobody would care about.

3. Use the PSTL tools and scoot all of the years back one year so that you could keep the short year in sequence behind the new year. This is rather awkward going forward and I wouldn't endorse this approach.

4. Create a brand new company and keep the old company as an archive for informational purposes. That's a loser because you already said you don't want to do that.

5. Keep the year open and create a journal entry to 'close' the company manually. This has been suggested already by another member, but I didn't want to leave it out. If your company didn't buy the whole thing, You'll need to create a journal entry to adjust the 'close' so that it reflects the true beginning balances.

6. Keep the year open and create two budgets that reflect the appropriate numbers for the two short years. You would use the budgets in place of the actual GL entries for creating financial statements. This is pretty slick; don't forget to password protect your budget and make sure nobody can enter transactions into that history year. The beginning balances of your first whole year will be right and it will match the actual year.

https://community.dynamics.com/forums/thread/details/?threadid=f47aca95-d081-46d1-9ed6-ab0cc4b77804

REQUEST:

Ability to enter a letter behind the year in the fiscal period ID in order to have two in the same year:

Y/E Changes from July to September in 2026:

July 2024 to July 2025 = Fiscal Period 2025

July 2025 to July 2026 = Fiscal Period 2026A

July 2026 to Sept 2026= Fiscal Period 2026B

Sept 2026 to Sept 2027 = Fiscal Period 2027