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.
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.

Field Information

Period Type

Select the purpose of the 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.

Number of Periods

The system displays the number of periods that are 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.

Description

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.

Period Status

Indicates the overall status of the period.

Allowed values

Open: Indicates that one or more modules status is 'Open'.
Closed: Indicates that one or more modules status is 'Closed' and no module status is 'Open'.
Finally Closed: Indicates that all the modules status is 'Finally Closed'.

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.