Posting Periods

After completing this topic, you will be able to state how to define and manage Posting Periods.

Here are some key points to take away:

1. When you create posting periods, you define the main posting period – the Fiscal Year, which usually corresponds to the calendar year. 
2. The Sub-Periods in the fiscal year (Year, Quarters, Months, or Days). 
3. SAP Business One determines automatically which sub-period the transaction belongs to based on the transaction’s posting date.
4. When creating a new posting period take into consideration the important caveats mentioned in the course.

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