Setting Up Short Years in Fixed Assets

Access the Fiscal Date Patterns form.

To set up a short year in Fixed Assets:

1. Complete the Fiscal Date Pattern and Date Fiscal Year Begins fields.

2. Complete the End Date field for each period in the pattern.

3. Set up the short year for the current date pattern, and click OK.

   For example, if the short year has only 9 periods, the last period of the short year repeats itself through period 14. The change is to move from a fiscal-year date pattern to a calendar-year date pattern.

4. Set up a new date pattern. This pattern must be set up from the year of the oldest asset in the system. It parallels the fiscal year coverage of the old date pattern. Therefore, if an asset dates back to 1970, you need to set up the new date pattern as of 1970.

5. Set up the new date pattern through the current year.

6. Click OK.