Determining Posting Periods During Posting

Use

When you record a document, you enter the posting date. When you post the document, the system uses the posting date specified to automatically determine the posting period. The posting period consists of a month and a fiscal year.

These are both displayed in the document overview. The posting period determined is entered in the document and the transaction figures for this period are updated.

If you want to display the balance of an account, the transaction figures are displayed separately according to posting periods. This process is illustrated below:

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Integration

If you use the Special Purpose Ledger , you can define different posting periods per ledger. Only the posting period defined for the general ledger is stored in the document.

Prerequisites

In order for the system to determine posting periods, you must fulfil the following prerequisites:

Define your fiscal year. For more information, see Fiscal Year and Calendar Year .
The periods in which you want to post must be open. For more information, see Opening and Closing Posting Periods

Features

For postings to the previous fiscal year, the system carries out the following adjustments:

For balance sheet accounts , the system adjusts the carry forward balance of the accounts concerned in the current fiscal year.
For profit and loss accounts , the profit or loss carried forward to the retained earnings account is adjusted.