Why need do close posting period

Hi, All,
Why we need to close posting period, then we can do goods receipt?
What means MMPV?
What's the different material posting period and financial posting period?
Thanks,

JC,
You are asking the wrong people
Closing a period is a business decision.  When you close a period, certain records are written that enable your FI and CO people to close their financial books and produce any required end-of-period reporting.  In most companies that make financial statements on a regular basis, such as value of various types of inventory, they need a clear delineation between one period and the next.
Closing the period from a Material and inventory perspective (MMPV) creates that clear line.  Once the line is drawn, and the records are written, then everyone can continue making transactions.  The financial data can then more easily be extracted, and reports written, using data produced during the  period close procedure, instead of trying to create reports while transactions are continually updating the inventory and other accounting type information.
So, ask your Accountants in your company why they want you to close your MM records each period.
In addition to Inventory records, other types of transactional data relative to accounting must also have similar "clear lines" drawn between reporting periods.  These are the Financial closings you are talking about.
Regards,
DB49

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