New Period Closing Program - SAP Simple Finance

What is New Period Closing Program?

Go to Period Lock under FI or use Transaction code FAGL_EHP4_T001B_COFI. Give the value in Posting period variant and click the Continue button.

determine_work

For ledger/company code combination, a separate posting period variant can be assigned. In this method, the opening and the closing of a period by ledger can be controlled.

posting_period

CO Transaction for Opening/Closing Periods

Step 1 – Use Transaction code OKP1 for performing opening/closing period under Controlling.

okp1

Step 2 – As shown below, enter the Current Year in Fiscal year box and click Actual button or press the F5 key. You have the option to select the period to lock and finally at the top left, click Lock Period.

lock_period

Step 3 – We have options like Unlock Period, Unlock Transaction and Lock Transaction as well.

unlock_transaction

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