Configuring SAP® ERP Financial and Controlling

Posting Period Variant

The posting period variant controls which posting periods, both normal and special, are open for each company code. It is possible to have a different posting period variant for each company code in your organization. The posting period variant is independent of the fiscal year variant, which means a grouping of company codes with different fiscal year variants can occur, thereby centralizing month-end close activities. The number of posting period variants is determined by the closing schedules of each of your company codes. Follow the menu path Financial Accounting ⇒ Financial Accounting Global Settings ⇒ Document ⇒ Posting Periods ⇒ Define Variants for Open Posting Periods. Figure 2-8 lists all the available posting ...