Mid-Quarter or Mid-Month Rule

Mid-Quarter or Mid-Month Rule

Use

This version is widely used in the United States. In this version, the posting periods in Financial Accounting differ from the depreciation periods. The system handles this in a special way.

Features

As long as the number of the posting periods is the same as the number of calendar months (12), you can carry out depreciation calculation on the basis of half months and/or half periods (see Country-Specific Functions).

Proceed as follows:

Specify the use of half periods and the mid-period date when defining the FI-AA company code.

If you defined period controls yourself, you must provide for the use of half periods in their assignment rules. For month and quarter periods, corresponding period controls are already set up in the standard system.

If you specify the use of half periods when defining an asset company code, this specification also applies to other company codes that use the same fiscal year version

It is not possible to use half-periods when you are using non-calendar fiscal months.