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clarify these words:posting period varients & open & close posting period

Former Member
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Hi Sap Gurus,

Someone kindly make me clarify following words.Thank you.

1.Posting period varient.

2.Open & close posting periods

3.Assign posting period varients to company code-What does it do after assignment?

Best Regards,

priya desai

Financial Analysist

Accepted Solutions (0)

Answers (6)

Answers (6)

Former Member
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Hii..

1.Posting period variant-it is just a variant that you create for defining the posting periods.

2.Open & Close posting periods-Through this you control your posting periods if you open period it means the period is open for posting to the end users & vice versa.

3.After creating variant & defining open & closing posting periods for the variant you assign this variant to your company code so that it applies to your company code also.

Regards,

Aakash

Former Member
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Hi,

It is very easy and understandble.

1.Posting period varient.

If you want to post any documents you need to enter some date right? That date would belongs to some posting period right?.

for Example your Fin.period is JAN to DEC. Means 01 is for Jan, 12 is for DEC, 05 for May.

So according to your requirement you have to create the variant and define what do you want.

2.Open & close posting periods

When you in operation and if you are posting a document in the month of Feb. the period Jan has been closed it will avoid the mistakes while posting to the different periods.

3.Assign posting period varients to company code-What does it do after assignment?

Once you have created your company code and your posting variant. You are assign to make the link to both the level.

Warm Regards,

Sivakumar Sathiyamoorty

Former Member
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Hi

1.Posting period varient.

Posting period variant controls the opening and closing of various periods for GL, customers, vendors, assets, etc. In this only, we have to open or close periods specific to each area.

2.Open & close posting periods

Open & close periods are done for the requirement of transaction processing. You can post to a period which is open and not to a period which is not open. You can open any number of periods for any number of years.

3.Assign posting period varients to company code-What does it do after assignment?

Once the posting period is assigned and the periods are opened/closed and assigned to the company code, system would permit the postings accordingly. If the period one is open, you can post to that period otherwise system will reject the postings.

Regards

Former Member
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Hi Priya

1.Posting period varient.

A)variant is nothing but we can use to that variant no of times.so posting period contain posting periods .Normally we are using months(year =12 months)in sap we r using periods

2.Open & close posting periods

A) As per client requirement we have open and close the periods

for example this month AUGUEST so we opened AUG and we closed previous JULY period.so we cant post or change last month postings

3.Assign posting period varients to company code-What does it do after assignment?

A) variant is nothing but we can use to that variant no of times.so we will assign the posting period variant to company code.ofter that system will take care while posting time.

May be this information is useful to you

Regards

Surya

Former Member
0 Kudos

hi

posting perio variant -

posting perio variant means u can specify which posting period assign to company codes--obbp

open & close posting period-ob52

means their are u cant do that back dated entry

n which period u want to open

means u r total period 16, normal period 12+special 4 u rcurren month augest 2008 means calender no 8

but u r period no 5 so

from 5 year 2008 to 5 year 2008

special period 13 year 2008 to 16 year 2008

y u maintain there

their are next period automaticaly opend .

okany problem reply

milind

durgasankar_innamuri
Active Contributor
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Hello Priya

it is called variant configuration. creation of variant, populate values into variant and assign to company code.

through this we can allow posting to specific period. we can open for the entire year but in realtime we are using this one to restrict specific period wise.

Regards,

sankar