What is 'period category' in SAP EC-CS - Consolidation?

period category - Overview

• Component: EC-CS

• Component Name: Consolidation

• Description: Grouping of accounting periods that share the same requirements for data collection that is, the level of detail and type of collected data and consolidation processing in the system. Examples: The period category "monthly" would include the periods January, February, and so on up to December. The period category "end of quarter" would include the periods March, June, September, and December.

period category - Details

• 
  Key Concepts: 
  Period category is a feature of the EC-CS Consolidation component of SAP. It is used to define the periodicity of the consolidation process. It can be used to define the frequency of the consolidation process, such as monthly, quarterly, or yearly. It also allows for the definition of different periods within a fiscal year, such as fiscal quarters or half-years. 
  
  How to use it: 
  To use period category in SAP, first create a period category in the EC-CS Consolidation component. This can be done by selecting “Create Period Category” from the menu. Then enter the details of the period category, such as its name and frequency. Once created, it can be used to define the periods for which consolidation will be performed. 
  
  Tips & Tricks: 
  When creating a period category in SAP, it is important to ensure that all periods are correctly defined and that there are no overlapping periods. This will ensure that the consolidation process runs smoothly and accurately. 
  
  Related Information: 
  For more information on period categories in SAP, please refer to the official SAP documentation on EC-CS Consolidation.