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Posting Period Variant

Former Member
0 Kudos

Hi Experts

iam new in sap. iam having some doubts in posting period variant. i want to know what is posting period variant..how it give effect to G/L accounts.

Regards,

siri

Accepted Solutions (1)

Accepted Solutions (1)

former_member183378
Active Contributor
0 Kudos

Hi Siri,

Posting the query is not an important thing. Posting the query in correct place in correct time is important to get the quick and correct response.Please post the queries under correct space in SCN. You have to post this issue in this place.

Thanks & Regards,

Lakshmi S

Answers (5)

Answers (5)

joseluis_carbajo
Explorer
0 Kudos

Hi Siri,

A posting Period Variant describes the specifications for a posting period (for example, beginning and end).

Each company code refers to exactly one variant. Therefore, as many company codes as you require can use the same variant.

You define posting periods in your fiscal year variants
With Posting Period Variants you can specify which company codes are open for posting in a posting period variant. Posting period variants are cross-company code and you have to assign them to your company codes. The posting periods are then opened and closed simultaneously for all company codes via the posting period variants.

Working with posting period variants is recommended if you are responsible for a large number of company codes. Since you only have to open and close the posting period once for the variant, your work is considerably reduced.

I hope ypu find this information helpful.

Regards,

Jose

Former Member
0 Kudos

hi

posting period varint is for posting the document and it follow the fiscal year.

former_member183378
Active Contributor
0 Kudos

Hi Siri,

Posting period variant is to decide which periods can be opened at particular point of time for posting.

For more information on posting period variant pls check the below given link.

Opening and Closing Posting Periods - General Ledger Accounting (FI-GL) (New) - SAP Library

I hope it helps else please revert us with your query.

Thanks & Regards,

Lakshmi S

anand_raichura
Contributor
0 Kudos

Hi Siri,

Please check below link for full understanding:-

Opening and Closing Posting Periods - General Ledger Accounting (FI-GL) (New) - SAP Library

Regards,

Anand Raichura

former_member222730
Participant
0 Kudos

Hi Siri,

As you know that a fiscal year contains 12 normal periods and 4 special periods.

posting period variant controls the open and close periods in sap and it is assigned to company code.

if u not opening posting periods system cannot allow to post documents.

Thanks

Chakri