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Open and Close Posting Periods

by on August 14, 2013

You define posting periods in your fiscal year variants. You can open and close these posting periods for posting. As many periods as you require can be open for posting simultaneously.Usually, only the current posting period is open for posting, all other posting periods are closed. At the end of this posting period, the period is closed, and the next posting period is opened.Special periods can be open for closing postings during the period-end closing.

In addition to the regular posting period of 12 we have to define special posting period for year end closing. The maximum special posting period that you can define in SAP is 4.

Path:

IMG⇒ Financial Accounting (New)⇒ Financial Accounting Global Settings (New)⇒ Ledgers⇒ Fiscal Year and Posting Periods⇒ Posting Periods Open and Close Posting Periods.

T Code: FBN1

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⇒ click on “NEW ENTRIES”

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Above screen contains following important fields, which are narrated below;

Var.: Posting period variant. Enter here posting period variant that we have created in our earlier step. Here we have entered posting period variant “1900”

A: Account type. All transactions in financial account divided into posting specific areas for convents. We use following account types in SAP.2013-08-14_205544  1st row of the above screen shows we have entered +. Here + represents allowed for types of accounts. In the subsequent rows we have entered specific account types.

From acct: From account number. In this col. We can enter general ledger account number.

⇒To account: To account number. Along with from account number, general ledger entered in this col represents a range of general ledgers which is starting with from account number and ending with to account no.

From per.1: Field to enter from period i.e. posting period. In this field we will enter a posting period from which we want to open posting period.

Year: Field to enter year: here we can enter fiscal year for which we want to open posting period.

To period: Field for to posting period. Along with from posting period to posting period form a range of posting period for which we want to enter posting periods.

Year: Field from to year. Along with from year to year represent a range of year for which we want to open posting periods.

From per.2: Field to enter from period 2 i.e. posting period. In this field we will enter a posting period from which we want to open posting period. Posting period 2 is used for the special posting period.

Year: Field to enter year: here we can enter fiscal year for which we want to open posting period. This fiscal year is used for the special posting period.

To period: Field for to posting period. Along with from posting period to posting period form a range of posting period for which we want to enter posting periods. Posting period 2 is used for the special posting period.

Year: Field from to year. Along with from year to year represent a range of year for which we want to open posting periods. fiscal year is used for the special posting period

click on “SAVE”

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One Comment
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