Posting Period Variant

To set open periods in a fiscal year we need to first define a posting period variant. Then we need to assign the same to a company code.

Define Posting Period Variant

Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Fiscal Year and Posting Periods > Posting Periods > Define Variants for Open Posting Periods (OBBO)

Give a four digit code as variant name.



Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Fiscal Year and Posting Periods > Posting Periods > Assign Variants to company code (OBBP)

we can assign posting period here or maintain in the global parameters for the company code. We have created Posting Period Variant and assigned it to the company code. Now we can maintain the open periods for the company code.

Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Fiscal Year and Posting Periods > Posting Periods >  (OB52)

Now , In the above screen

Column 1 :- Posting Period for which we would like to maintain open periods
Column 2 :- Account Type for Masking
                   + For all account types
                   A For all Asset
                   D For Customers
                   K For Vendors
                   S  For GL Accounts

Column 3 & 4 :- From Account and To Account determines the range of accounts for the given Account type.

Column 5 & 6     :  starting period and year for the open period range.
Column 7 & 8     :  ending period and year for the open period range.
Column 9 & 10   :  starting period and year for the special period.
Column 11 & 12 :  ending period and year for the special period.

Column 13 : Authorization Group - we can maintain authorization group in case we need  the posting period to be available to restricted group of users only.