Posting Period Plays Important Role in Controlling Accounting Periods
What is Posting Period?
The posting Period is a period that is used for posting of day to day transactions within a fiscal year.
In SAP We use the Posting periods variant to control accounting periods.
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What is the Posting Periods Variant? (PPV)
Posting periods variant (PPV) is a variant that controls posting periods which we are using for the recording of business transactions in a fiscal year.
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This Posting period variant (PPV) controls open and closed posting periods for entering transactions. Here you can control which period should keep open and which period should keep closed for the posting of accounting entries.
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How to define open and close posting period variants?
| PPV | A | From A/c | To A/c | From per1 | Year | To period | Year | From Per2 | Year | To Per2 | Year |
| TAT1 | + | 1 | 2022 | 12 | 2022 | 13 | 2022 | 16 | 2022 |
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A stand for accounting types. You need to choose accounting type according to your requirements.
Account Types
- + = Valid for all Account types
- A = Assets
- D = Customers
- K = Vendors
- M = Materials
- S = G/L Accounts
Scenario
During fiscal year 2022, company has declared profitability to its managements up to 30th June 2022. After declaration of profitability, the profit figures should not be changed.
If we keep posting periods open for from April 2022, and if users post any transaction in April 2022 date, then the profitability figures declared will be changes. Enroll in our SAP FICO course in Pune today and take the first step towards a successful career in finance and accounting!
So as a SAP consultant it is good to close the posting periods from April 2022 to 30th June 2022, and keep open posting periods from 1st July 2022 to 31st march 2023.So the users can post accounting entries from July 2022 to march 2023.
| PPV | A | From A/c | To A/c | From per1 | Year | To period | Year | From Per2 | Year | To Per2 | Year |
| TAT1 | + | 4 | 2022 | 12 | 2022 | 13 | 2022 | 16 | 2022 |
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SO, this is called open and close posting periods.
Vaishali Todkar
SAP FICO Trainer
Pune.
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