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Change of Fiscal Year

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We are running GP 2010.  The General Ledger Fiscal periods for 2012 were January to December.  During the year an amalgamation was done and the new Amalgamated Company changed it's fiscal year end to October 31, 2012.  Is it possible to keep the same GP company and do a year end closing at October 31st ??? and then create a new fiscal year going forward from November 2012 to October 2013 ??


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