When managing multiple fiscal calendars in NetSuite, a key consideration is the structure of accounting periods. Periods are created independently for each fiscal calendar to accommodate different fiscal year start and end dates. For example, one calendar might have a P1 starting in January, while another has a P1 starting in July. Another important aspect is the assignment of these calendars. A single fiscal calendar can be created and then assigned to multiple subsidiaries that share the same fiscal year structure, which simplifies administration and ensures consistency for those entities.

C. Periods are shared across fiscal calendars

This is incorrect. The purpose of multiple calendars is to support different fiscal year structures; therefore, periods must be defined separately for each calendar to align with its unique start and end dates.

D. a subsidiary can have multiple fiscal calendars without multi-book

A subsidiary can only be assigned one fiscal calendar for its primary book of accounting. Reporting against a different calendar for the same subsidiary requires the Multi-Book Accounting feature.

1. Oracle NetSuite Documentation

SuiteAnswers: Multiple Calendars (Answer ID: 38411). This document outlines the setup and use of the Multiple Calendars feature. It states

"You can set up fiscal calendars for your subsidiaries that have different fiscal years... You can assign the same fiscal calendar to multiple subsidiaries."

2. Oracle NetSuite Documentation

SuiteAnswers: Setting Up Accounting Periods for a Fiscal Year (Answer ID: 9913). This guide details the process of creating accounting periods. When the Multiple Calendars feature is enabled

the "Fiscal Calendar" field becomes available on the "Set Up Full Year" page

indicating that periods are established on a per-calendar basis.

3. Oracle NetSuite Documentation

SuiteAnswers: Subsidiaries (Answer ID: 10041). The documentation for the subsidiary record shows a single field for "Fiscal Calendar

" confirming that a subsidiary is associated with only one calendar in its primary configuration.