Just like how we have
posting periods for FI, we also have posting periods for
Joint Venture Accounting that control which periods you can post to.
It is very important to know which postings create Billable postings and when the
JV periods should be closed.
Before cutback is run, most companies close their
billable periods so that no other billable postings are created in that period as those would never be billed out.
Below is the error that you would see if you try to post a billable entry after the posting periods are closed.
Access through the menu path below or directly through the transaction code
GJ4A.
GJ4A-MCC- Open and close Joint Venture periods for Multiple company codes
Note- GJ4A only lets you open and close the periods for one company code at a time,
GJ4A_MCC allows you to open it for multiple company codes at a time.
Enter the company code for which you want to open the JV periods
The rest of the options are pretty straight forward.
Enter the From year, From period and the to period/to year.
E.g if you want to allow postings from period 1 to 7 in 2018, you would enter it like below.
Generally, like the FI posting periods, only 1 is open at a time, except with month end when 2 periods might be open at the same time.
You may also like
F-90 Overview– This tcode is used to purchase an asset directly. This allows for the asset to be capitalized on purchase. This is very rare. Usually, the asset purchase goes through the PO process and the asset shell is created first and then the values are added to it. E.g. if you are purchasing a
Read More
This guide goes over the year end closing steps of Asset Accounting. Overview of AJAB Asset year end close– You use the year-end closing program to close the fiscal year for one or more company codes from an accounting perspective. Once the fiscal year is closed, you can no longer post or change values within
Read More