This FICO Tutorials Guides you how to Define Variant for Open and Close Posting Periods
Purpose of Open and Close Posting periods Configuration:-
The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled.
Path for Define open and close posting periods:-
Implementation Guide for R/3 Customizing (IMG) –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> open and close posting periods.
Transaction code open and close posting periods :- OB52
Step 1 :-Type SPRO in the Command Field of the SAP Easy Access Menu Screen and press Enter key on the Keyboard
Step 2 :- Click SAP Reference IMG
Step 3 :- In next screen follow the menu path to Define Variant for open and close posting periods
Step 4 :- Click on New entries to Define Variant for Open and Close Posting Periods.
1.Variant:– Enter four digits Posting Period variant Code
2. A:– Select Account Type ( A )
+ = Valid for all Account Types (masking)
A = Assets
D = Customers (A/R)
K = Vendors (A/P)
M = Materials
S = General Ledger Accounts.
3.From Account:- Keep Blank
4.To Account:– Update Account
5. From Period 1:– Enter Starting Period
6.Year:- Enter Year
7.To Period:– Enter Ending Period
8.Year:– Enter Year
9.From Period 2:– Enter First Special Period
10.Year:– Enter Year
11.To Period:- Enter Special Period
12.Year:- Enter Year
13.Authorization group ( AuGr ):- You can assign authorization groups in which some periods can only be opened for particular users.
14. Click on save icon to save the defined open and close posting periods
Thus Open and Close Posting Periods are configured in SAP.