What are two considerations for managing multiple fiscal calendars? Choose two

NetSuite OneWorld lets you define more than one fiscal calendar. Accounting periods are generated independently for each calendar, and any single calendar can be assigned to several subsidiaries; however, every subsidiary can have only one calendar unless Multi-Book Accounting is enabled. Thus, considerations include (A) creating periods separately for every calendar and (C) the ability for one calendar to serve multiple subsidiaries.

B. Without Multi-Book, a subsidiary is limited to one fiscal calendar.

D. Accounting periods belong to the calendar in which they were generated and cannot be shared across calendars.

1. NetSuite Help Center

“Multiple Fiscal Calendars > Generating Accounting Periods

” Step 1: “Generate periods separately for each fiscal calendar.” (2024.1 documentation).

2. NetSuite Help Center

“Multiple Fiscal Calendars > Sharing Calendars Across Subsidiaries

” para 1: “A single fiscal calendar can be assigned to multiple subsidiaries.”

3. NetSuite Help Center

“Subsidiary Record Fields

” section ‘Fiscal Calendar’: “Each subsidiary can have only one fiscal calendar (unless using Multi-Book Accounting).”

4. NetSuite Help Center

“Multiple Fiscal Calendars > Limitations

” bullet 2: “Accounting periods are not shared between fiscal calendars.”