How do the accounting periods in ACCOUNTS PAYABLE relate to the accounting periods in GENERAL LEDGER?
The periods in ACCOUNTS PAYABLE correspond one-to-one with the periods in GENERAL LEDGER. The accounting period in ACCOUNTS PAYABLE (MMYY) can be understood as follows: The first two digits of this field indicate the period in the fiscal year. The last two digits of this field indicate the fiscal year. The accounting period in GENERAL LEDGER (MMDDYY – MMDDYY) can be understood as follows: The first two digits indicate the calendar month; the middle two digits indicate the calendar dates; and the last two digits indicate the calendar year.
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