Posting period in the SAP MM

 

Posting period:-

A posting period allows one to post and make changes in the documents only in a specific time period. Sometimes you will get errors like “posting allowed only in this time period for a certain company Code.posting period is maintained and posting to that document is only allowed within that period. A posting period for a company can be defined using five fields given below.

• 👉Maintain Fiscal Year Variant
• 👉Assign Fiscal Year Variant to Company Code
• 👉Define Variants for Open Posting Periods
• 👉Assign Variant to Company Code
• 👉Open and Close Posting Periods

1.Maintained Fiscal year Variant:-

Path to Maintain Fiscal Year Variant:-

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year and Posting Periods ⇒ Maintain Fiscal Year Variant

TCode: OB29

Step 1:-select Maintain Fiscal Year Variant by following the above path.

Step 2:- Click on the new entry.

Step 3:- Enter the name of the fiscal year variant along with the description and number of posting. Click on Save. A new Fiscal Year Variant will be created.

2.Assign Company Code to Fiscal Year Variant:-

Path to Assign Company Code to Fiscal Year Variant

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year and Posting Periods ⇒ Assign Company Code to Fiscal Year Variant

TCode: OB37

Step 1:- select Assign Company Code to Fiscal Year Variant by following the above path.

Step 2:-We can change the existing accordingly and click on save it Fiscal Year Variant is now assigned to company code.

3.Define Variants for Open Posting Periods:-

Path to Define Variants for Open Posting Periods

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year and Posting Periods ⇒ Posting Periods ⇒ Define Variants for Open Posting Periods

TCode: OBBO

Step 1:-Select Define Variants for Open Posting Periods by following the above path.

Step 2:-Click New Entries

Step 3:-After filling the given details click on the save button.

4.Assign Variant to Company Code:-We have to follow the below path for this.

Path to Assign Variant to Company Code

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year and Posting Periods ⇒ Posting Periods ⇒ Assign Variants to Company Code

TCode: OBBP

Step 1:-Execute the given above t code We can view the existing assignment and change it accordingly.Click on Save.Variant is now assigned to company code. 

Step 2:- After filling the details click on the save it.

5.Open and Close Posting Periods :- It allows you to post and make changes in the documents only in a specific time period.

Path to Open and Close Posting Periods

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year and Posting Periods ⇒ Posting Periods ⇒ Open and Close Posting Periods

TCode: OB52

Step 1:-Select Open and Close Posting Periods by following the above path.

Step 2:- Click on new entry.

Step 3:- Provide the name of variant, account details, and the year allowed for posting. Click on Save.