Changing the fiscal calendar on a subsidiary

AI generated answer (using internal Slack threads):

Changing the fiscal calendar on a subsidiary in NetSuite can indeed have an impact. If the fiscal calendar you change it to has a different year-end date, reports for that subsidiary will show that date as the end of the year. Additionally, Retained Earnings will roll based on that date too. Once you enable “Multiple Calendars” to allow varying accounting periods for subsidiaries, a Subsidiary saved search exposes “Fiscal Calendar” and “Tax Fiscal Calendar”. This feature can be used to search on accounting periods based on whether a subsidiary is open or closed. However, it's important to note that NetSuite's documentation suggests that having a base period in one fiscal calendar that is different from the base period in another fiscal calendar may not be possible. This could potentially pose challenges for subsidiaries operating in countries that don't use the Gregorian calendar, such as Nepal, Ethiopia, Afghanistan, or Iran. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******