Why can't I have two adjustment periods on the same date? Will there be an issue with setting one adjustment period dated 31/12/2024 - 31/12/2024 and another being 30/12/2024 - 30/12/2024?

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that NetSuite does not allow overlapping or duplicate adjustment periods on the same date. This is because the system uses these periods to organize and manage financial data. Having two adjustment periods on the same date could lead to confusion and potential errors in financial reporting. For example, if you have two adjustment periods on the same date, it could be unclear which transactions belong to which period. This could lead to inaccuracies in your balance sheet and other financial reports. Furthermore, if you're using multiple calendars, the base period has to be consistent across all fiscal calendars. This is to ensure that the Retained Earnings roll at different times for different subsidiaries based on the calendar. In the case where an adjustment period has been mistakenly set, one possible solution suggested in the conversations is to temporarily edit your transactions into a new date in an existing period, then edit your dates on the periods, and then edit the dates back. However, this could be a complex process and it's recommended to try it in a sandbox environment first. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******