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 Special Periods 

Definition

Special posting periods that subdivide the last regular posting period for closing operations.

Use

Irrespective of how you have defined your fiscal year, you can also use special periods. Special periods subdivide the year-end closing period. They therefore merely divide the last posting period into several closing periods. This enables you to create several supplementary financial statements.

A fiscal year usually has 12 posting periods. In General Ledger Accounting, you can define up to four special periods.

If you do not need 12 posting periods, you can use the posting periods that are not required as special periods. If you use these additional closing periods, you must specify the number you require in the field No. special periods. when defining the fiscal year variants. You cannot exceed a maximum of 16 periods.

Integration

When posting to special periods, you must take the following into consideration:

  • The posting date must fall within the last regular posting period.
  • You have to enter the special periods in the document header in the Period field, since the special periods cannot be determined automatically by the system.