Tag Archives: Posting Period

  Here we are going to assign posting period variant that we defined in our previous step. As I mentioned earlier we could assign one posting period variant to one or several company codes. From my experience it is better to go for one by one relation.   Transaction: OBBP IMG Path: Financial Accounting (New) -> Financial Accounting Basic Settings (New) -> Ledgers -> Fiscal Year and Posting Periods -> Posting Periods -> Assign Variants to Company Code  Table: T001   After we open the transaction we should find our company code and fill the field for posting period variant. In my case …

After we have already defined fiscal year variant and assign it to our company code, it is time to define Posting period variant. Posting period variant is used to control which accounting period is open for posting. This is an important control tool for every organization which has monthly closing. Usually every posting period is assigned to one company code, but you could assign one posting variant to many company codes. In this way you will control all the entities in once which has pros and cons. Despite the strict dates you agree with other departments …