How many Normal and Special periods will be there in fiscal
year, why do u use special periods?
Answers were Sorted based on User's Feedback
Answer / vijay. kalla
Every fiscal year having 12 normal periods and 4 special
periods......
special periods are used to year end adjustment purpose for
closed fiscal year.
ex ; Audit purpose, tax adjustments and others.
Is This Answer Correct ? | 28 Yes | 1 No |
Answer / r.s.raju
12 normal periods.
4 special periods which can used for posting tax and audit
adjustments to a closed fiscal year.
Is This Answer Correct ? | 14 Yes | 0 No |
Answer / nalamada
You can define 12 normal periods and 4 special periods.
However with one normal period also you can post FI
documents.
Special periods are used to continue the noramal operations
in new fiscal year withhout disruption due to accounts
finalization process.
Is This Answer Correct ? | 9 Yes | 0 No |
Answer / vinod pasupu reddy
We have normal period 12 and spl period 4
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / am iyyappan
In fiscal year 12 normal periods and 4 special periods.
Special periods are using the following cases:
1. Audit purpose
2. Tax adjustment
Is This Answer Correct ? | 0 Yes | 0 No |
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