Fiscal Year Variant determines the posting periods to be used by your client’s company.
As the name implies it should be configured to match your client’s accounting year.
The Fiscal Year Variant is very flexible and can be configured to match any organization’s fiscal calendar.
SAP allows a maximum of 16 postings within a fiscal year. The 16 posting periods normally comprise of 12
regular posting periods and 4 special periods, which can be used for such things as posting audits or tax adjustments to a closed fiscal period.
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admin Financial Accounting Module fiscal year variant, Posting Periods, SAP Tutorials
Posting periods are defined in the Fiscal year variant and the SAP system usually proposes the current date as posting date. To prevent the documents getting posted on to an incorrect posting period, you need to close certain posting periods.
You can open the posting period by entering a range in the posting period variant that encompasses this period and you can have more than one periods open as desired.
Posting period variant that contains the open periods must be maintained manually. SAP system uses on posting transaction for several different postings, for example, G/L account posting, Customer/Vendor invoice posting, Vendor/Customer credit/debit memo postings.
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admin SAP Knowledge General Ledger, Posting Periods, SAP, SAP FI
If we have several company codes then we want the users to be able to open and close periods (transaction code: OB52) belonging to their posting period variant only.
What we have to carry out are:
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admin SAP Tip Posting Periods, SAP, SAP FI, SAP FI Tip
