| # Periods (tfgld0105m000) Use this session to maintain the periods that apply during the allocation of amounts in a particular year. You must create periods in which you have to post transactions. You can define: Fiscal periods for all the transaction posting (for example, twelve periods one for each month). Reporting periods. You can use reporting periods only if you select the Reporting Periods check box in the Group Company Parameters (tfgld0101s000) session. Tax periods that comply with the official tax regulations. The tax amounts from transactions are posted in the tax periods. Related sessions In the Group Company Parameters (tfgld0101s000) session you indicate how many periods and what type of period is used. Use the End Dates by Fiscal Year (tfgld0106s000) session on the Specific menu, to set the end dates. Enter the period for new period status in the Period Status (tfgld0107m000) session. A new period has no status and no transactions can be booked in this period. Related topics To use periods Period Type Select the purpose of the periods. Related topics To use periods Number of Periods The system displays the number of periods that has been defined as the maximum number for the selected period type. These numbers are defined in the Group Company Parameters (tfgld0101s000) session. Year Select the fiscal year for which you want to maintain the periods. Period You can enter the periods within the selected year. No more periods can be defined than the number shown in the Number of Periods field. Note Periods must be defined in a sequence: you cannot miss out a period. Period The description of the period. Example
Period Type | Period | Description
--- | --- | ---
Fiscal | 1 | January
| 2 | February
Reporting | 1 | Reporting period 1
| 10 | Reporting period 10, etc.
Tax | 1 | First quarter, etc.
Correction Period If this check box is selected, you can use this period for corrections without interfering with the usual periodic transactions. For example, you can use the correction period for provisions to be made at the end of a year. Note You cannot apply correction periods to periods of type Tax. Start Date The start date is the first date of the period. The start date applies only to normal periods. A correction period has no start date. The start date of a period must fall after the start date of the previous period. For period 1, the start date must be after the end date of the previous year. |