• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Your Finance Book

Income Tax | Investing | Stock Market

  • Stocks
    • 10 reasons why share prices decline in the stock market
    • What to look for in growth investing strategy for better return
    • 10 things you must understand before buying stocks
    • Speculating Vs Investing Vs Saving
    • 5 Risk free tax saving investments
    • A beginner’s guide to understand stock’s value – Explained with examples
    • Mutual Fund Basics
  • GST
    • GST registration in India – all you need to know
    • Tax invoice in GST-A complete beginner’s guide for taxpayers
    • Input tax credit in GST – A beginners guide to claim ITC
    • What is inter-state supply of goods and/or services under GST
    • What is intra-state supply of goods and/or services under GST
  • Income tax
  • Tax Rates
  • ITR Due dates

Opening and Closing Posting Periods in SAP FI

Last Modified on June 19, 2020 by Editorial Staff

We define posting periods in the fiscal year variants of SAP FI module. You can open and close posting periods for a particular transaction type in SAP.

Usually, only the current Posting Period is open for recording transaction in SAP and all other Posting Periods are closed. At the end, the current posting period is closed, and the next Posting Period is opened for transaction recording in SAP FI.

You have the following options for opening and closing a Posting Period in SAP.

Opening and Closing Posting Periods in SAP FI

You can specify which company codes are open and closed for transaction recording in these variants. These are cross-company code variants so you have to assign them to your company codes. Working with these variants are recommended if you are responsible for a large number of company codes.

Relevance of Account Type

You can differentiate the opening and closing of Posting Periods by account type in SAP. This means that for a specific Posting Period, recording of transaction can be permitted to customer accounts, but not to vendor accounts.

For each Posting Period in SAP, you must specify at least account type “+” (valid for all account types). You can exercise more detailed control by specifying further account types.

Using the minimum entry, when you enter the posting date in the document header, the system checks whether the Posting Period determined in the variant can be posted to.

As soon as you enter an account number, in a second step, the system checks whether the Posting Period in SAP is permitted for the account specified.

Relevance of Account Intervals

You can differentiate the opening and closing of PPs by account intervals. This means that you only open a PP for posting to a specific account.

Account intervals always apply to General Ledger accounts. If you want to open sub-ledger accounts in SAP then you have to enter the corresponding reconciliation account and the account type.

During the closing operations, you can, for example, use the reconciliation accounts to close customer and vendor accounts before General Ledger accounts. This allows you to prevent further postings to these accounts after you have confirmed the balances with your customers and vendors. Balance confirmation is one of the prerequisites for further closing operations.

You can open and close Posting Periods only for specific users. To do this, enter an authorization group at document header level.

This authorization group is effective only in time period 1 and prevents users who do not have the appropriate authorization for the authorization object F_BKPF_BUP (accounting document: Authorization for PPs) from posting in periods which are only open for time period 1.

SAP Path for defining, opening and assignment of posting period variant

Path: SPRO > Financial Accounting > Financial Accounting Global Settings > Document > Posting Periods > Define Variants for open posting periods

T Code: OBBO

Path: SPRO > Financial Accounting > Financial Accounting Global Settings > Document > Posting Periods >   Define variants for open PPs

T Code: OBBP

Path: SPRO > Financial Accounting > Financial Accounting Global settings > Document > Posting Periods > Assign variants to company code

T Code: OB52

Note: SAP and SAP logo is a registered trademark of SAP AG in Germany and in several other countries. We are not affiliated or related to any division or subsidiary of SAP AG.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Filed Under: SAP FICO Module

About the Author

Editorial Staff at Yourfinancebook.com is a team of finance professionals. The team has more than a decade experience in taxation, stock market and personal finance.

Primary Sidebar

Financial Ratios

  • Accounting tools you can use to choose a winning stocks
  • What are the tools and techniques used in financial statements analysis
  • Can Price to earnings – P/E ratio be used for stock investing
  • Why Price earnings to growth – PEG is used by investors
  • How Earnings per Share or EPS can help you
  • How to use debt to equity – D/E ratio
  • What is Interest coverage ratio

Don’t see a topic? Search our entire website:

Email Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Privacy Policy

Popular Posts

  • How to protect yourself from stock market frauds and scams
  • Income tax rates for Financial Year 2021-22 and 2022-23
  • How to decide which strategy is right for you in stock investing
  • Stock market basics – A complete guide for beginners
  • How to get tax deductions on Life Insurance Premium – Section 80C
  • Why to use Japanese candlestick charting for trading and investing
  • 10 most commonly used stock market jargons you must know
  • How tax is deducted from Salary – 192
  • Tax to be deducted on Professional Fees – 194J
  • TDS On Rent – 194I
  • Things to remember while buying stocks on margin
  • Top 20 reasons why income tax PAN is a must for Indians

Footer

Trending Now

  • What to look for in the financial statements before investing in stocks
  • How to manage fund while investing in stocks
  • A beginner’s guide to mutual fund investing
  • Why share prices move up and down in stock market
  • Price Action trading – How candlestick helps to read mass psychology

Stay In Touch With Us

  • Twitter
  • Facebook

SITE LINKS

  • About Us
  • Contact Us
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Finance

Legal Disclaimer

The information available through this Site is provided solely for informational purposes on an “as is” basis at user’s sole risk. The information is not meant to be, and should not be construed as advice or used for investment purposes. Yourfinancebook.com does not provide tax, investment or financial services and advice. We make no guarantees … Continue Reading... about Disclaimer

Copyright © 2021 yourfinancebook.com · All Rights Reserved.