Fiscal calendar - Used to define the overall framework for an organization’s financial activities. It acts as a structure only—no transaction control happens here. Multiple fiscal calendars can be created and used for different purposes,
Ledger calendar - Used to manage and control financial periods for postings. Only one fiscal calendar can be assigned as the ledger calendar in the ledger. By changing the period status and configuring module access, we can control whether transactions are allowed to be posted in a particular period.
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