SAP FI Posting Period:
Posting Periods defined in the fiscal year variant
System usually proposes the current date as posting date
To prevent documents from being posted to an incorrect posting period, you can close certain posting periods.
You open a posting period by entering a range in the posting period variant that encompasses this period. You
can have as many periods open as desired.
As many periods as required can be open simultaneously, however, only two period intervals can be open at
the same time during closing.
Posting Periods assigned to the Company Code or several coy codes can use the same posting period variant
In defining posting period variant ‘+’ is valid for all account types.
Posting Periods can be handled differently for different account types.
At line item level the system checks the account type of the posting key to ensure that the period is open for
assigned account types.
A Posting Period Variant must contain at least one line with the entry Valid for all accounts.
The account Range in the posting period variant consists of G/L accounts.
Posting period variant that contains the open periods has to be maintained manually.
The authorization group applies to the first period interval. This can also be an interval with normal posting
R/3 uses one posting transaction for several different postings, e.g : G/L acc posting, Customer/Vendor invoice
posting, Vendor/customer credit memo postings.
If you do not define a doc type the system proposes the standard e.g. KR for vendor invoices.
Open items list can be seen by pressing open item button.
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