Will using the 0% period with Amex spook them?
I've racked up 6k on my AmEx EDP so far in two months. I've also spent 3k (last two months) on my Platinum which I just PIF within days of the statement cutting. But I've paid the minimum on the EDP. All of these are purchases and no balance transfers.
I have more than enough in the bank to pay down immediately if need be but I wanna use the 0% period.
My available income is $70k on the application but in reality this year it could be closer to $90k but I won't know til I do my taxes since I'm self employed.
Will this be a problem, if they need an FR there isn't a problem. Although my tax return for last year is lower last year since I had a ton of foreign income before I moved to the USA.
Not in and of itself but keep the usual risk factors in mind such as revolving utilization. People repeat the "AmEx hates balances" meme but that's a gross oversimplication. If they didn't want anyone using 0% offers they wouldn't make the offers. I received my CLI's while carrying balances on my AmEx cards during the 0% offer period. I just made sure that they never exceeded 30% and, IIRC, they were much lower than that. It's not just usage of the card that has an impact but everything in your credit profile.
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Inversion documents when using the special Periods with FYV K4
Hello All,
I have posted some documents in Period 12 and they are not inverting in period1. we are using the FYV as K4 which is 12 periods plus 4 special periods. My business requirement is whatever the documents posted in Period12 to Period 16, they need to be inverted in Period1.
I have tried all different combinations and permitation by changing the consolidation frequency, Document types and tasks. But there is no use and SAP also replied back as per the below. So please help if you have any information regarding this issue.
25.11.2008 - 16:54:36 CET - Reply by SAP
Dear Jags,
There is no special handling of the 'special' periods regarding invers-
ion.
The period initialization task just considers the closing frequency,
which is assigned to the respective task.
According to this frequency, it inverts the previous closing period.
If you use the closing frequency monthly, which contains
also the special periods 13-16, then the following logic applies:
period of execution / inversion period of original document
01 16
02 01
03 02
04 03
05 04
06 05
07 06
08 07
09 08
10 09
11 10
12 11
13 12
14 13
15 14
16 15
If the closing frequency contains also the special periods, please
execute the period initialization task also in all special periods.
I hope this helps to answer your question. If so, please confirm this
message. For additional questions regarding that topic please turn to
to the information sources listed in note 83020)
Kind regards
ACTIVE GLOBAL SUPPORT - FINANCIALS
SAP AGHi Eugene,
Thank you so much for thinking about this issue and providing one more suggestion. This time also no use by trying in different way.
As you know I am using the FYV as K4(12 periods + 4 special Periods)
Created the Consolidation Frequencies.
1. 100 u2013 1-13 Periods
2. 200 u2013 only period 13
3. 300 u2013 1-12 Periods
Created the following Period Category groups and period categories.
1. Period Group 100
Period Category 10 u2013 1-12 periods
2. Period Group 200
Period category 20 u2013 only Period 13
Assigned the Consolidation Frequency 100 (1-13 periods) to the Version combinations.
I have created 2 tasks with one method and one Flexible Upload
Task
Task u2013 TEST1
Cons Frequency u2013 300 (1-12 Periods)
Period category - 10 (1-12 Periods)
Flexible Upload Method TEST is assigned.
Task u2013 TEST2
Cons Frequency u2013 200 (Period 13)
Period category - 20 (only Period 13
Flexible Upload Method TEST (same as above) is assigned.
Assigned these tasks to the task group within a task hierarchy
Method
Method u2013 TEST
Data Stream u2013 Documents
Data Collection Procedure u2013 Manual Posting
Doc type - 01
Doc Type
Posting Level u2013 Adjustment to reported financial Data(01)
Balance Check u2013 Error
Application u2013 Other
Posting u2013 Manual Posting
Inversion u2013 Automatic Inversion in FY
Key Figures
TC u2013 Not checked
LC u2013 Checked
Translate into GC u2013 Checked
GC - Checked
Number Range - 01
Cons Unit Clg Item u2013 Assigned
Validation u2013 Assigned
Testing in the cons monitor
TEST1 task is showing up in Period12 in the cons monitor
Posted one document with 2 lines in Period12.
It is not inverting in period1 part of the period initialization task, but it is inverting period 13.
Issue: I am unable to invert the doc in period1.
Even I tried with 2 different doc types and 2 different Flexible upload methods. But there is no use.
TEST2 task is showing up in period13 only in the cons monitor
Posted one document with 2 lines in Period13.
It is inverting in period1 part of the period initialization task, so here there is no issue from the beginning.
Thanks,
Jags Devaram -
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