we have to define the variant first (don't select the calendar year check box) give normal posting periods: 12 Special posting periods: 4 maximum. Save
Double click on the period's button to make customization. Select new entries. The screen appears in suppressed mode again select new entries button and complete the table as under. 1. month: calendar month day: end of the calendar month 2. Period: corresponding period of the non calendar year. Shift key: -1 for only for the months of January to march. The shift key will adjust the calendar month of the next following year as the 10 month of the present non calendar year. After completing the table save the data, the screen will appear as under.
In fiscal year definition we define the no of posting periods in a year only. And also the special periods. The special periods may be used for the purpose of either audit adjustments, tax adjustments, or for declaring the quarterly results. The periods may be some times defined more than 16 periods also. This is in case of Special Purpose ledger only. The fiscal year with more 16 periods is not used in finance module. However, we can use for reporting system in special purpose ledger. Example: in case of weekly reporting of sales; we can create the report as every week is a period. This is exclusively for reporting purpose only.
