Re: [sap-acct] SAP special periods
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 | Posted by ron.roberts (Senior SAP FI/CO Consultant) on Jan 31 at 11:11 PM |  Mark as helpful |
NO! NO! NO! The real intent of these "extra" posting periods is to
allow you to close the final period (month) of the year in a normal way and
then enter all of your fiscal year end closing postings into these extra
periods. So, for a calendar year company, it can have 12 regular monthly
results and then one or more year-end closing periods to get to the complete
year. In this case December (period 12) would not be a mix of regular month
activity and year-end activity.
From my experience, most companies do not use these extra periods. They
either include the year-end postings in the normal period 12 postings or
else they put the year-end postings (adjustments and eliminations) into
their consolidation module, not the normal G/L module.
On Sat, Jan 30, 2010 at 1:33 PM, madhukargalpalli via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by madhukargalpalli
> on Jan 30 at 2:37 PM
> Hi Nikki,
> Thanks a lot! now i got what is specail period.Means we post the
> transaction in suppose on 01/01/2010 but we use posting date 31/12/2009
> although the fiscal year is closed but, still we can post it in Jan by using
> posting period 13 or 14 or 15 or 16.
>
> ---------------Original Message---------------
> From: Nikki Klein
> Sent: Wednesday, January 27, 2010 3:15 PM
> Subject: SAP special periods
>
> > Hi Madhukar<br/><br/>You define the special periods in OB29 when you
> define the fical year variant (eg you say you want 4 special periods) but
> you do not have to actually define what those periods are. <br/><br/>To use
> them, you simply post the journal entry as usual, but you use the Posting
> Date = last day of the fiscal year (eg 12/31/2009) AND you override the
> Posting Period value to 13 or 14 or 15 or 16. Then the postings end up in
> the special period. It's just a way to keep those adjusting entries out of
> period 12 but still include them in the fiscal year.<br/><br/>Nikki
__.____._ allow you to close the final period (month) of the year in a normal way and
then enter all of your fiscal year end closing postings into these extra
periods. So, for a calendar year company, it can have 12 regular monthly
results and then one or more year-end closing periods to get to the complete
year. In this case December (period 12) would not be a mix of regular month
activity and year-end activity.
From my experience, most companies do not use these extra periods. They
either include the year-end postings in the normal period 12 postings or
else they put the year-end postings (adjustments and eliminations) into
their consolidation module, not the normal G/L module.
On Sat, Jan 30, 2010 at 1:33 PM, madhukargalpalli via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by madhukargalpalli
> on Jan 30 at 2:37 PM
> Hi Nikki,
> Thanks a lot! now i got what is specail period.Means we post the
> transaction in suppose on 01/01/2010 but we use posting date 31/12/2009
> although the fiscal year is closed but, still we can post it in Jan by using
> posting period 13 or 14 or 15 or 16.
>
> ---------------Original Message---------------
> From: Nikki Klein
> Sent: Wednesday, January 27, 2010 3:15 PM
> Subject: SAP special periods
>
> > Hi Madhukar<br/><br/>You define the special periods in OB29 when you
> define the fical year variant (eg you say you want 4 special periods) but
> you do not have to actually define what those periods are. <br/><br/>To use
> them, you simply post the journal entry as usual, but you use the Posting
> Date = last day of the fiscal year (eg 12/31/2009) AND you override the
> Posting Period value to 13 or 14 or 15 or 16. Then the postings end up in
> the special period. It's just a way to keep those adjusting entries out of
> period 12 but still include them in the fiscal year.<br/><br/>Nikki
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ron.robertsSAP Accounting Helper
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