What is deferred fiscal year in SAP LOD-FIN-ACC - Accounting?

SAP Term: deferred fiscal year

• Component: LOD-FIN-ACC

• Component Name: Accounting

• Description: A fiscal year that starts on the first day of a month other than January.

Smart SAP Assistant

• Key Concepts: 
  Deferred fiscal year is a feature in SAP Accounting that allows users to post documents to a fiscal year that has already been closed. This feature is useful for companies that need to make corrections or adjustments to documents that were posted in a previous fiscal year. 
  
  How to use it: 
  To use the deferred fiscal year feature, users must first enable the feature in the system settings. Once enabled, users can post documents to a closed fiscal year by selecting the “Deferred Fiscal Year” option when creating a document. 
  
  Tips & Tricks: 
  When using the deferred fiscal year feature, it is important to remember that all documents posted to a closed fiscal year will be marked as “deferred” and will not be included in any reports or financial statements until the deferred documents are released. 
  
  Related Information: 
  For more information on how to use the deferred fiscal year feature in SAP Accounting, please refer to the SAP Help documentation for LOD-FIN-ACC Accounting.