Special Periods - Year-end adjustment

[Andie]

Hi Team,

I would like to know if it is possible to configure special periods (13) in ByD  that can be used for year-end adjustments ?

In my case the company uses a normal calendar year ( Jan to Dec), we would like to open a period 13 to enter year-adjustments.

I understand the use of closing-step can probably help me to identify year-end adjustments, but I would like to know if it is possible to create special posting period.

Thanks,

Andréanne

[thomas_meder · Accepted solution]

Hello Andreanne,

in ByDesign, we have a different concept to answer this request. For a regular fiscal year, you have twelve periods. But, each period is split in Closing Steps. Automated postings (supplier invoice, warehouse transactions, ...) would be posted in step 010 (Operational Postings). Revaluation runs and period-end postings in 020. So, you are able to distinguish values as determined by the "regular business" and revaluations at months end. In case you require additional steps, you can create them (e.g. for conslidation adjustements or company-specific year/month end tasks).

This article in the ByDesign help might help you.

Best regards,

Thomas

[Andie · Accepted solution]

Thank you Thomas for your answer.