Define Variants for Open Posting Periods
This article will guide you all about how to Define Variants for Open Posting Periods, which is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.
Posting Periods are opened and closed for all company codes in SAP by the PPV.
Steps to Create Variants for Open Posting Periods in SAP
Step 1 :- In the command field of the SAP Easy Access Menu Screen input “SPRO” and press Enter key on the Keyboard.
Step 2 :- Click SAP Reference IMG Icon
Step 3 :- In next screen follow the menu path to create posting period variant
- IMG Menu Path :- SPRO > Implementation Guide for R/3 Customizing (IMG) –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Periods –> Define variants for open posting periods
Step 4 :- The define posting period variants screen is displayed, Click on new entries to create SAP PPV
Step 5:- Enter four-character alphanumeric code in the Variant field, update variant name in the name field. Here we are going to create posting period Variant ADO6
Step 6 :- After updating posting period variant and name fields click on save icon to save the data.
Now, we have defined Open Posting Period Variant AD06.
How to Define Variants for Open Posting Periods
