What is short period return in SAP IS-PS-CA - Public Sector Contract Accounts Receivable and Payable?

SAP Term: short period return

• Component: IS-PS-CA

• Component Name: Public Sector Contract Accounts Receivable and Payable

• Description: A short period return occurs when a taxpayer changes his or her tax period without filing a return covering the whole time frame of the old tax period. The tax return for the short period, starting on the day following the close of the old tax period and ending with the day preceding the start of the new tax period, is called the short period return.

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• Key Concepts: 
  Short period return is a feature of the IS-PS-CA Public Sector Contract Accounts Receivable and Payable component of SAP. It is used to calculate the return on investments over a short period of time, such as a month or a quarter. The return is calculated by taking the difference between the current value of the investment and its original value, and then dividing it by the original value. 
  
  How to use it: 
  To use the short period return feature, you must first enter the current value of the investment into SAP. Then, you must enter the original value of the investment. Finally, you can calculate the return by dividing the difference between the two values by the original value. 
  
  Tips & Tricks: 
  When calculating short period returns, it is important to remember that they are only accurate for a short period of time. If you are looking for a longer-term return, you should use a different method. Additionally, it is important to make sure that all values are entered correctly in order to get an accurate result. 
  
  Related Information: 
  The short period return feature is just one of many features available in SAP's IS-PS-CA Public Sector Contract Accounts Receivable and Payable component. Other features include accounts receivable and payable management, budgeting and forecasting, and financial reporting.