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NetSuite Professionals

Anyone done a fiscal year change in NetSuite and have advice for how to best approach this and any challenges to watch out for?

<@UG1HMS6H4> Yes, have done it. Assuming you're just changing starting/ending months for your FY and not doing anything super weird, like a 4-4-5, then you just need to add a custom FY to cover the "extra" months.  Just make sure everyone from the CEO on down knows that this will make YOY comps difficult/impossible for transition year(s).  And then have that response about YOY comps ready to copy+paste when users still end up asking you why their YOY data looks weird.

Thanks James! Did you do this yourself or were consultants involved?

Did it myself.  Although, to be fair, I did 6 years of NetSuite consulting before I became an admin.

but truly, there's not much to actually do.  You should be fine doing it yourself unless you're really new to NetSuite.  Most of the onus is on the accountants and making sure that ongoing transactions are coded to the right period as you go through this transition.  Plus pulling stuff for the audit is always a little more challenging, but again, not really that difficult if you know what you're doing.