SAP FI - Posting Period Variant

SAP FI Posting period variant is used to maintain accounting periods that are open for posting and all closed period are balanced. This is used for opening and closing period in the fiscal year for posting purpose.

You can assign these posting periods to one or more company codes.

How to create posting period variants in SAP FI?

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Define Variant for open Posting Periods → Execute.

It will open a new window. Now, cpck New Entries.

It will open another window, as shown below. Enter the 4-digit Posting Period Variant and name of the field. Cpck the Save icon to save this variant.

Open and Close Posting Periods

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Open and Close Posting Periods → Execute.

Cpck the button New Entries, as shown in the following screenshot.

Now, you need to provide the following details −

Var. = Enter 4-digit Variant code.

Select Account Type −

+=Vapd for all account type (masking)

A = Asset

D = Customers

K = Vendors

M = Materials

S = General Ledger Account

From Per.1 = Enter Starting Period

Year = Enter Year

To Period = Enter Ending Period

Year = Enter Year

From Period2 = Enter First Special Period

Year = Enter Year

To Period = Enter Period

Year = Enter Year

Authorization Group = It is used to open a period for particular users

Once all the details are provided, cpck the Save button to save the open and closing posting periods.