What is temporal posting difference in SAP FI-LC - Consolidation?

SAP Term: temporal posting difference

• Component: FI-LC

• Component Name: Consolidation

• Description: A difference that occurs when only one of the two trading partners involved posts a business transaction prior to the date of the balance sheet, and the other trading partner afterwards. This difference is dealt with during the elimination of intercompany payables and receivables or revenue and expense.

Smart SAP Assistant

• Key Concepts: 
  Temporal posting difference is a feature of the FI-LC Consolidation component of SAP. It allows for the posting of different amounts to different periods in the same fiscal year. This is useful when dealing with transactions that span multiple periods, such as when a company has to post a transaction that occurred in one period but affects another period. 
  
  How to use it: 
  To use temporal posting difference, you must first set up the relevant accounts in the FI-LC Consolidation component. Once this is done, you can post different amounts to different periods in the same fiscal year. This can be done manually or through an automated process. 
  
  Tips & Tricks: 
  When using temporal posting difference, it is important to ensure that all accounts are set up correctly and that all postings are accurate. Additionally, it is important to keep track of all postings and ensure that they are posted to the correct periods. 
  
  Related Information: 
  For more information on temporal posting difference and how to use it, please refer to the SAP Help documentation or contact your SAP support team.