In the accounting world the calendar doesn't end on December 31st or the 31st day of March. Audits take place and tax adjustments are made and the final adjustments are required even beyond that "official" year has concluded. This is the reason why the Special Periodsin SAP can come to the assistance.
If you're currently taking an SAP course in Pune Understanding the mechanics of these intervals is vital to mastering what is known as the "Record-to-Report" (R2R) procedure. Let's look at the basics of what they are and the most effective tool for all SAP FICO Consultant.
The Idea Beyond the 12 months
Standard accounting is based on an annual cycle of 12 months. The software SAP permits a maximum of sixteen posting times.
Periods 1-12: These are your regular posting times. They represent the months in your fiscal year.
Periods 13-16: These are the Special Periods. They don't represent an individual date on the calendar, but rather, they function as extensions of regular period (usually 12-hour period).)
The main objective is Clean reporting. If you are given the audit adjustments in May which is a part of prior year's figures, releasing it in May will alter the monthly numbers. With an additional Period (like Period 13) this allows you to "tuck" this report into your previous year's fiscal, without changing the regular monthly 12 reports already completed.
How to Post in a Special Period
The posting of a particular time is a deliberate action. You can't simply alter dates and hope that systems will recognize that it is a specific time.
the Date Rules: Your posting date must coincide with the end of the regular time frame in the financial year (e.g., 31.12.2025 for the Calendar year).
the Manual Entry The header of the document (Transaction F-02 or FB50) You must manually enter "13", "14", "15", or "16" in the "Period" field.
Time Control This particular period has to be entered into the transaction Ob52 to enable your posting period variant.
Learning at the Hub: SAP Course in Pune
Pune is an ideal location for anyone who wants to master SAP. Because of its large number of IT parks, including Hinjewadi and Magarpatta and Magarpatta, the area is home to world-class companies such as Accenture, IBM, and Capgemini. All of them heavily utilize SAP S/4HANA.
Participating in a Sap fico course in a pune at a respected institute such as SevenMentor gives you the opportunity to experience the configuration screens. You don't simply read about the Period 13, you actually start the periods of posting, experience closures of the year and discover how to solve "Period not opened" errors that happen frequently in corporate settings.
15 FAQs on Special Periods
Can I have as many different periods of time use? A maximum of 4 (Periods 13-16).
Can I utilize special months for month-end? No, they are designed specifically meant for the year's end activities.
Can the software automatically decide that special time period? No, it must be manually entered into the header of the document.
Can I publish with the date of June into The period of 13. No. The date of posting must be during the end of the normal period (e.g. December and March).
What is the purpose for which Period 13 is usually employed to do? Usually for internal year-end adjustments and accruals.
What is the purpose of Period 14 utilized to serve? Often reserved for adjustments to the audit after the initial financial statements are prepared.
Are certain periods obligatory? No, they are a choice and can be specified by the fiscal year variation (OB29).
Do I have the option of having 3 regular and 13 particular times? Yes, as so long as the total is not more than 16.
Do I need to start specific periods? Use Transaction OB52 and then enter the range into the second interval of time.
Do special periods impact the fiscal year that is beginning? No, they only affect the balances of the fiscal year being ended.
Does it allow me to run depreciation during a specific time? Generally, depreciation is a monthly expense for regular time periods.
If I do not enter the correct period numbers? The system will default the posting to the month that is indicated in the day (Period 12, 12).
Does S/4HANA differ with regard to different times? The concept remains identical, even though this version of the manage posting periods Fiori application has an updated user interface.
What is the reason auditors like particular time periods? It allows them to easily determine the entries that had been "normal" and the ones that are "adjustments."
What is the best place to do the technique at Pune? Institutes like SevenMentor offer dedicated SAP servers on which you can try out the complete Year-end close cycle.
