Posting to a Previous Period 

Use

At the end of every period, the system administrator runs a program that puts the data from the current period to the previous period and the data from the previous period into the period before that, and so on. This is known as the period closing program. The following data in particular is affected:

Features

The final data of the previous period is taken over as the starting data for the new period.

If, after the period-end closing program has been run, you need to enter transactions with a posting date in the previous period, data is updated in both the current period and the previous period.

Goods movements can only be posted to the previous period; transactions in Invoice Verification can be posted to the previous period or previous year, that is, the final period of the previous year.

It is essential that the valid posting periods for the accounts to be posted to are correctly defined in Financial Accounting.

You post to a previous period by entering a date from the previous period in the Posting date field when you enter the transaction in the system.

See also:

Posting Goods Movements to the Previous Period

Posting Invoices to the Previous Period

Postings Made When Posting to a Previous Period

Posting to a Previous Period after a Price Change