Mid Month Calculation for Year dependent fiscal year

[Former Member]

Hi All,

We are in middle of AA implementation .How can we configure mid month in year dependent fiscal year .System doesn't allow to put mid month date for year dependent fiscal year.

If we copy co.code from best practice co.code BP01 system updates date this table in back round.

But we are not copying from BP01.

Any one has configure this for year dependent please input.

Thanks,

[MarkusBredel · Accepted solution]

Hi,

this function is not possible, you have to use a fiscal year variant with 24 real periods instead.

Check the IMG documentation concerning "Use of Half Months in the Company Code":

- When you specify the use of half periods in the definition of an asset company code, half periods are automatically specified in all other company codes that use this fiscal year version.

- You cannot use half periods with non-calendar fiscal months.

- You cannot take back the use of half periods once the specification has been made. It is noted internally by the system in the asset master records.

Regards,

Markus

[Former Member · Accepted solution]

Hi Markus,

Thanks for the Input,

If i use 24 period fiscal year.Is depreciation has to run bi weekly .Can we use mid quarter for TAX with this.We have to maintian fiscal years as thay are year dependent.Client has assets till 70's we are maintiang fiscal years in g/l i have to maintain for assets too .

Thanks Again

[Former Member]

Is there any work around solution for mid month rule for year dependent fiscal year.As we are using mid month for book and tax.

Please Input.