why we create diff calenders for each module
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Answer / sudhakar
Hi,
In Payables we define Special Calendars for controlling the
transaction, like payment terms, withholding tax etc.
In Assets we define dep calendar for to Calculate
deprication for the assets.
| Is This Answer Correct ? | 6 Yes | 1 No |
We don't create different calendars in different modules except special calendars in AP and depreciation and prorate calendar in FA.
In AP, special calendars are created for Payment Terms, Withholding Tax, etc which can be entirely different from accounting calendar.
IN FA, depreciation calendar decides the accounting periods for depreciation, but not necessarily match with GL accounting calendar. Prorate calendar mainly decides when and howmuch to depreciate in the first year and the last year (retirement year). Prorate calendars can be monthly, bimonthly, daily (365 days a year), etc.
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