Last Updated on August 19, 2022 by admin

Open and close posting periods specify for each variant which posting periods are open for posting.

Open and Close Posting Periods in SAP S/4 Hana – Scenarios

  • Posting period variants manage to open and close posting periods
  • Through period variant in SAP Hana, you can control what period is to be open for a particular company code
  • If you assign more than one company code to post-period variants, then the setting of PPV is applicable to all company codes assigned to PPV.

How to maintain open and close posting periods in SAP S4 Hana

You can define open and close posting periods in SAP S/4Hana by executing the transaction code OB52 or menu path

  • SAP IMG Path : SAP Customizing Implementation Guide > Financial Accounting > Financial Accounting Global Settings > Ledgers > Fiscal Year and Posting Periods > Posting Periods > Open and Close posting periods
  • Transaction code: OB52

Step 1: Execute transaction code “OB52” to define open and close posting periods in SAP S/4Hana

OB52 transaction code - open and close positng periods in SAP Hana

Step 2: A pop-up window opens to enter the posting period variant key. To determine the work area key, update the posting period variant key and press enter to continue

posting period variant for open and close posting periods in SAP Hana

Step 3: On change view posting periods: specify time intervals overview screen, enter the following details

A:  Update the Account type with

    • +  Masking, is the minimum required entry for opening the periods for all accounts
    • A –  For Asset Accounts
    • D – For Customers
    • K – For Vendors
    • M –  For Material Accounts
    • S – For G/L Accounts

 

  • From Acct –  It is the lower limit of accounts, you can keep this field as Blank
  • To Account  – It is an upper limit of accounts, Update with ZZZZZZZZ, so it included both numerical and nonnumerical number ranges.
  • From Per. 1 – Enter the period number, which needs to be open. For example, entering 2 means, you are opening 2nd posting period for document entry
  • Year – Enter the fiscal year with period 1 that you want to open
  • To Per. 1:  Enter the period number, up to which period to be open. For example, entering 3 means, you are opening posting periods from the 2nd to 3rd posting period for document entry
  • Year: Enter the fiscal year
  • AuGr: Assign authorization group for permitting posting periods
  • From Per.2: Period 2 is used for special periods, starting from 13
  • Year:  Enter the fiscal year related to period 2
  • To Per.2: End of special periods.
  • Period 3: In S/4Hana, the period 3 field has been introduced. Period 3 will be used for CO(Controlling) purposes.

Define Open and Close Posting Periods in SAP S44 Hana

 

Period 3: Period 3 is used for open and closing posting for controlling in S4Hana.

After maintaining the details for open and close postings periods, click on the save button to save the details.

Note: You can also copy the posting periods variant from the existing standard posting period variant in SAP S4Hana and update the period’s details as per the requirements.