What is 'planning period' in SAP CO - Controlling?

planning period - Overview

• Component: CO

• Component Name: Controlling

• Description: An indicator of the period for which a cost estimate is valid.

planning period - Details

• 
  Key Concepts: 
  A planning period is a period of time in SAP Controlling (CO) that is used to plan and analyze the costs and revenues of an organization. It is a period of time that can be used to compare actual results with planned results. Planning periods are typically defined by fiscal years, quarters, or months. 
  
  How to use it: 
  In SAP Controlling, planning periods are used to define the time frame for which data is collected and analyzed. This data can then be used to create reports and analyze the performance of the organization. Planning periods can also be used to set up budgeting and forecasting processes. 
  
  Tips & Tricks: 
  When setting up planning periods in SAP Controlling, it is important to ensure that the periods are properly aligned with the organization’s fiscal year. This will ensure that all data collected and analyzed is accurate and up-to-date. 
  
  Related Information: 
  For more information on planning periods in SAP Controlling, please refer to the SAP Help Portal or contact your local SAP consultant.