Can you have ‘non-Calendar’ Months as ‘Periods’ in a ‘non-Calendar’ Fiscal Year?

Yes. The ‘non-calendar fiscal year’ can either correspond to calendar months or to non-calendar months.

In the case of non-calendar months as the posting periods, you need to specify the start and end date of these posting periods. Consider a fiscal year starting on April 16th, 2005 and ending on April 15th, 2006. Here, the posting period-1 starts on April 16th and ends on May 15th and so on. Note that the posting period-9 will have 2 displacements (0 and −1) as indicated below in the Table:

Posting PeriodStart DateEnd DateYearYear Displacement
116-Apr15-May20050
216-May15-Jun20050
316-Jun15-Jul20050
416-Jul15-Aug20050
516-Aug15-Sep20050
616-Sep15-Oct20050
716-Oct15-Nov20050
816-Nov15-Dec20050
916-Dec31-Dec20050
101-Jan15-Jan2006-1
1116-Feb15-Mar2006-1
1216-Mar15-Apr2006-1

As a result, a posting made on December 27th, 2005, as well as the posting made on January 14th, 2006 are correctly identified as postings corresponding to period-9.

Leave a Comment