SAP FI - Posting Period Variant


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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.

Define Posting Period Variant

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

New Entries Posting Variant

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

4-digit Posting Period 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.

Open and Close Posting Period

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

Button New Entries

Now, you need to provide the following details −

Save Button
  • Var. = Enter 4-digit Variant code.
  • Select Account Type −
    • +=Valid 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, click the Save button to save the open and closing posting periods.

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