SAP FI Posting Period Variant - SAP FICO

What is Posting Period Variant in SAP FI?

The Accounting periods that are opened for posting and all the closed periods are maintained to balance by SAP FI Posting period variant. By Posting period variant the periods of the fiscal year are opened and closed for the purpose of posting.

One or more company codes can be assigned the posting periods.

How to create posting period variants in SAP FI?

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Define Variant for open Posting Periods → Execute.

Define Posting Period Variant

When a new window opens, click New Entries.

New Entries Posting Variant

It will open another window, as shown below. Enter the 4-digit Posting Period Variant and name of the field. Click the Save icon to save this variant.

4 Digit Posting Period Variant

How to open and close Posting Periods in SAP FI?

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Open and Close Posting Periods → Execute.

Open Close Posting Period

Click the button New Entries, as shown in the following screenshot.

New Entries Posting Variant

Now, the details which are to be provided are as follows:

Save Button Posting Variant

  • Var. = Enter 4-digit Variant code.
  • Select Account Type −
    • +=Valid for all account type (masking)
    • A = Asset
    • D = Customers
    • K = Vendors
    • M = Materials
    • S = General Ledger Account
  • From Per.1 = Enter Starting Period
  • Year = Enter Year
  • To Period = Enter Ending Period
  • Year = Enter Year
  • From Period2 = Enter First Special Period
  • Year = Enter Year
  • To Period = Enter Period
  • Year = Enter Year
  • Authorization Group = It is used to open a period for particular users

After providing the details, the open and closing posting periods are saved by clicking Save button.


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