Mid month convention (US) for old company codes

[pankaj_adhikari]

Hi All

I have few US company codes which requires tax depreciation to start at mid month convention.

At configuration level I have taken period control method as 03/03/03/03.However still it is from period start not mid period.

At 'Use of Half Months in the Company Code' mid month column is blank & I m not able to add anything. I know there is one more way by creating 12 different depreciation keys for 12 different months. But that will be confusing for the users as they have to change depreciation key for different month each time.

Any other way to do it automatically through single depreciation key?

Regards

Pankaj

[jayesh_narwaney]

Hi,

There are two options:

Option 1 - As mentioned by Bernhard above, you need the company code to use half periods, then it would use your configuration.

Option 2 - Use an Alternative Fiscal Year Variant for tax areas with 24 periods if you are using 12 periods in General Ledger, with same start and end dates (example: If you are using K4 in General Ledger, use 24 for tax areas).

Best Regards,

Jayesh

[pankaj_adhikari]

Hi Jayesh

Thanks for the information. Option-1 doesn't works me & gives me an error since I have data in my company codes. Option-2 works for me but the company doesn't wants to convert periods to 24 months. Moreover it will even impact mid year convention assets during conversion of 12 to 24 months. Option-3 as mentioned in my previous reply works for us but the only issue is I m not able to write substitution rule.

Pls advice.

Regards

Pankaj