Hi Gurus,
We are following a retail calendar wherein our 12th period of FY 2013 will end on Dec 29,2013 (23:50:00 PM) and 1st period of 2014 will start.
While closing period 12/2013 and opening period 01/2014, we are allowing postings to previous period (option on MMPV).
On the same day Dec 29, 2013, we are having our physical inventory in warehouse. Now my question is if this physical counting takes more time and we end up posting differences on Dec 30, then can we still post these differences in previous period 12/2013 as we have allowed previous period posting?
Our requirement is to post all the differences in FY 2013.
I know within a FY, we can post to previous period, but as this is change in FY (2013 to 2014), I need to understand how will it work from FI perspective?
Regards,
Pat.