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Former Member

Can posting with Special Periods possible 4 other than Last posting period?

Hi Gurus,

My client is following a calendar year specific fiscal year (JAN TO DEC). Now, is it possible to post accounting documents or any documents giving any of the 4 special periods and with posting date as that of March? This is for income tax purpose...

Fiscal Year Variant USED is K4.

Regards

Deepak

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2007 at 10:29 AM

    Hi,

    Not possible.

    Special periods allows you to post entries for your fiscal year (JAN to DEC) only after December.

    Regards,

    Murali

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2007 at 10:36 AM

    Hi,

    This is not possible, as the period has a conversion attached to it internally, i.e., the period is derived from the posting date, as such the special periods (13-16) will only remain in the period field of the document when the posting date is in December. Else it will be overwritten by the posting date period.

    If you are in a non-ECC system, you may look at building an April to March ledger in Special purpose ledger, which will have its own balance carry forward and adjustment postings for the tax year. The SL uses the same postings from the FI ledger, however you can set a different fiscal year variant for the special ledger, so April will become period 1 in SL, while remaining 4 in FI.

    Cheers

    Neeraj

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2007 at 10:37 AM

    I think you would like to post in the previous financial year Jan - Dec 2006. If so, it can be done.

    regards

    Sridevi

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2007 at 10:40 AM

    Hi

    It is possible to use any of the special posting period during the year only thing is that it needs to opened separately through transaction OB52. As required u can use a special period for March.

    Anand

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