how many normal and special periods will be there in fiscal
year why do u use special periods.
- 3 Answers
- 4944 Views
- I also Faced
- E-Mail Answers
Answer Posted / shwetafico
1 month is treated as 1 Posting Period and so we have 12 Posting Periods i.,e, Normal periods, There are 4 other Posting Periods in SAP system i.,e, Special periods...Special Periods are used for the situation where you have some transactions to be posted even after all the 12 posting periods are closed. SAP system does not allow you to open the posting periods ( 1 - 12 )once 12th posting period is closed. So, special periods are required if there are any pending transactions even after 12th posting period.
1st Special Period is treated as 13th Posting Period
2nd Special Period = 14th Posting Period
3rd S P = 15th P P
4th S P = 16th P P.....
1st SP is used by the employees / end users for pending transactions.
2nd SP is used by Auditors
3rd SP is used for pending invoices after Auditing that is by Directors
4th SP is used Judicial transactions / Pending Disputes that is Legal Transactions (like ESI, PF, etc).
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Can anyone give me real-time coaching in sap fi/co i am residing in marathalli Bangalore.........
Hi 1 Question please My client is on SAP since last 3 years and now they want to migrate their asset related data with AM solution, I would like to know the steps and precaution to be taken at the time of legacy data migration and how to reconcile ABST2 report.
What is the time-dependent data in an asset master? : fi- asset accounting
What is an internal calculation key? : fi- asset accounting
what is the implemention project in sap?
What are the options available while performing revaluation in an actual costing run?
What is payment advice? : fi- accounts receivable
how to delte g/l if transaction are updated. :- hi expertise how to delete the g/l a/c if the transaction are updated in. whether any possibility to delete. let me know. thanks in advance
in which server did number ranges of CO mainly created? is it in development server or in production server? Plz. give the reason.
please any body tell me ,the real time responsibilities of sap fico consultant and what r the tools used by him in his real time time job. i want the entire real time job scenario
What do you mean by depreciation area? : fi- asset accounting
What is the difference between the chart of account view and company code view when maintaining a gl account?
Why do we create profit centers? What are the key components of profit center? : cost center accounting
What are the different standard reports in sap co system? : cost center accounting
hi my name kali i have 6 month experience in sap fico module how to get job kindly help me
