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Former Member
Jul 01, 2016 at 10:26 AM

Cut off date vs closing of periods

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Hallo there;

We are using SAP and currently have an issue with period closure;

The SAP standard fiscal year variant for a period is from first day to last day of the month, due to reporting statutories we would like to cut off (close period)on the 25th of every month, whereby from the 26th to the last day of the same month users park and post in the new open period and accrue in the closed period,

We have done this however there are issues with payment runs/file, parking of invoices, it shows an error that says current period is closed, why can’t we post in the open period?

Your assistance is appreciated

Winnie