If I update the Fiscal Calendar on a Subsidiary, will it affect the Allocation on transactions like Sales Orders, Purchase Orders, or Work Orders?

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** Updating the Fiscal Calendar on a Subsidiary can indeed have an impact on the subsidiary's operations. The fiscal calendar determines the financial year-end date for the subsidiary, which in turn affects the reporting and the rolling of Retained Earnings for that subsidiary. However, it's important to note that the fiscal calendar does not directly affect the allocation on transactions like Sales Orders, Purchase Orders, or Work Orders. These transactions are typically tied to the subsidiary set at the time of their creation and cannot be changed outside of Journal Entries. If you have enabled "Multiple Calendars" to allow varying accounting periods for subsidiaries, a Subsidiary saved search exposes “Fiscal Calendar” and “Tax Fiscal Calendar”. This feature allows you to manage different fiscal calendars for different subsidiaries, but again, it does not directly affect the allocation on transactions. In conclusion, while changing the Fiscal Calendar on a Subsidiary can affect the financial reporting and Retained Earnings for that subsidiary, it does not directly impact the allocation on transactions like Sales Orders, Purchase Orders, or Work Orders.