Assigning a Tax Fiscal Calendar to a Subsidiary
The Multiple Calendars feature enables you to define different fiscal calendar definitions on the same subsidiary for accounting and tax periods. Fiscal calendars are defined in Setup > Accounting > Fiscal Calendars. You can open a fiscal calendar record and see a list of the subsidiaries associated with it.
To assign accounting and tax fiscal calendars to a subsidiary:
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Go to Setup > Company > Classifications > Subsidiaries.
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Select a subsidiary to edit.
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In the Fiscal Calendar field, select the fiscal calendar to roll up accounting periods for this subsidiary.
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In the Tax Fiscal Calendar field, select the fiscal calendar to roll up tax periods for this subsidiary.
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Click Save.
After defining and assigning your tax fiscal calendars, you can set up the tax periods. For new accounts, see Setting Up Tax Periods Using a Fiscal Calendar. If your account already has historical data, and then you enabled the Multiple Calendars feature, you must first set up your historical and transitional periods using a fiscal calendar before setting up future tax periods. See Setting Up Historical and Transitional Tax Periods Using a Fiscal Calendar.