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
Similar Messages
-
Logic of open cand close posting periods
Hi Gurus
Pls tell me the logic involved in OB52 Open and close posting periods
Am giving Account type + only in settings then as per my knowledge system should not ask for the K or D separately to map in the settings
Even now system is asking Account type K period 1 2009 is not opened.
am thinking if i give Account type + in settings i need not map for other account types
Pls guide me
Thanks in advacne
SnehaHI
Same I maintained
But system is asking for Acctount type D
Scenario is we are Reversing Billing documents in the closed period
Actual Billing happend on 10-12-08
Same document we trying to reverse
Same time Spl period 13 is opened for the account type +
Then system triggering message period 13 2008 Account type is D is not opened.
Then we opened the same finally got posted in period 13
Here my doubts are
1. am thinking that special period postings are only available to FI then why SD able to post in period 13
2. If i map Account type + which is available all accounts types then why shud i map other account types
Pls guide me
Thanks
Sneha -
Open and close posting period authorization control TCODE: S_ALR_87003642
HI All,
Is there any chance to control the user to open and close another company code posting period variant in TCODE: S_ALR_87003642.
In our system we are using the same client for different countries. So user can able to change the other country company code posting periods.
We would like to control either on the country (or) organizational unit(company code) (or) posting period variant so that user can only open/close their country / company code posting periods.
Our present authorization role for open and close posting period contain the auth.Obj. : S_TABU_DIS.
Please share your knowledge if you come across this problem..
Thanks in advance..Hey Sandhya,
Congratz, this can be done using linbe item authorization with the object S_TABU_LIN.
Field ORG_CRIT - Value 02
Field ORG_FIeld1 - Value ZT001B
We have successfully done it in our client.
You need to contact your BASIS consultant for this.
Thanks,
Nitish -
Hello everybody.
I'd like to know if there is a way to restrict that some users open posting periods in OB52 or S_ALR_87003642 and some other different users close posting periods.
Hoping you could help it, as our organization had that policy from our previous system,
Best regards,
Elvis E. Henriquez A.Hi
Sorry, but I do not think that's possible in SAP Standard.
OB52 / S_ALR_87003642 are build around a maintenance view for table T001B. This mean that the access primarily are controlled by the S_TABU_DIS (and S_TABU_LIN) object, and with these object's you can control access to maintain / display only, you can not control the values of the input data.
I think that you will need to create your own application and authorization object in order to achieve your requirement.
Regards
Morten Nielsen -
Is there a way we can open/close posting periods on a "per day" basis?
Hi SAP gurus,
Is there a way we can open/close posting periods on a per day basis?
It is not possible in OB52 since it only has control per period and not per day.
Will assign points for suggestions. =) Thanks!Hii
In standard SAP there is not such functionality where u can do these kind of configuration...it is at least for a month that is through OB52.
If u still wants this functionality it is through the validation.
u need to create the validation for that company code and thn u can use this functionality....
hope it helps u
reward points if helpful
sejal singh -
System don't have menu Open and Close Posting Periods
Hi,
My system don't have menu "open and close posting periods" (full path in below). I search in google say that my system should active Public Sector Management to use this function.
I need to make sure before active, please help me if you known about this. And what BCSet will I need to active, is it IS-PS-CA ?
Thank you very much,
Regards,
Thanh.
Full menu path:
Accounting - Financial Accounting - General Ledger - Environment - Current Settings - Open and Close Posting Periods According to G/L Account Assignment ObjectsHi,
You can use this Txn. OB52....
1. Goto SFW5..
2. Choose "Enterprise Addons" tab..
3. Against Business Function EA-PS...Change the Status to On and then activate..
4. Log off and Login again...now check the menu path.
Also check this. (for SAP ECC 6.0 version)
SPRO>Financial Accounting (New)>Financial Accounting Global Settings (New)>Ledgers>
Fiscal Year and Posting Periods>Posting Periods>Open and Close Posting Periods
Regards
GK.
Edited by: Gnana Kumar on Nov 19, 2010 9:49 AM -
How to set up open&close posting period to process year-end at April
Hi FICO GURUs,
I m a new student in FICO, here i have a question as following, ask for help,
For the open period. If we need to clearing till April, how do we do for that? How to set up in open and close posting period?
Any responses will be awarded.
Thanks a lot!
SamsonIn OB52 you need to manage open periods related to FI. Any periods which are not managed here implies those periods are closed
Ex: From Period Year To Period Year
04 2008 04 20008
This means 4th Period of 2008 is open and all other periods are closed.
Also you can open and close period seperately for General Ledger and Subledgers
Types A,D,K,M are subledgers and S type is for ledger.
There will be seperate open and close periods for FI,MM and CO modules
FI- OB52
CO-OKP1
MM- MMPV
Assign Points if useful
Regards
Raghu Ram -
Clarify these words:posting period varients & open & close posting period
Hi Sap Gurus,
Someone kindly make me clarify following words.Thank you.
1.Posting period varient.
2.Open & close posting periods
3.Assign posting period varients to company code-What does it do after assignment?
Best Regards,
priya desai
Financial AnalysistHi,
It is very easy and understandble.
1.Posting period varient.
If you want to post any documents you need to enter some date right? That date would belongs to some posting period right?.
for Example your Fin.period is JAN to DEC. Means 01 is for Jan, 12 is for DEC, 05 for May.
So according to your requirement you have to create the variant and define what do you want.
2.Open & close posting periods
When you in operation and if you are posting a document in the month of Feb. the period Jan has been closed it will avoid the mistakes while posting to the different periods.
3.Assign posting period varients to company code-What does it do after assignment?
Once you have created your company code and your posting variant. You are assign to make the link to both the level.
Warm Regards,
Sivakumar Sathiyamoorty -
Where we have to open and close posting periods in asset accounting
hi sap gurus
can anybody give where we have to open and close posting periods in asset accounting
thank you
venkatareddyHi Venkatareddy,
You make specifications for fiscal years and posting periods in the SAP R/3 System in Customizing for Financial Accounting. This is done in the fiscal year variant in the global parameters of the company code. These settings are, in general, also binding for Asset Accounting. The depreciation periods in Asset Accounting then correspond to the posting periods in Financial Accounting.<b> It is usually not necessary to create a separate fiscal year variant for Asset Accounting.</b>
The period control in the depreciation key determines the start and end of depreciation when asset transactions are posted . The period control determines the relationship between the calendar period in which the asset transaction is posted and the depreciation period.
These calendar periods are independent of the posting periods in Financial Accounting. The only restriction is that the beginning of the first calendar period and the end of the last calendar period defined in a period control have to match the start date and final date of the fiscal year in Financial Accounting.
Kindly let me know if this useful for you -
Two intervals in Open and Close Posting Period (OB52)
What is the purpose of the two intervals (period 1 and period 2) in Open and Close Posting Periods (transaction OB52)?
Hi,
Financial statements cannot be prepared on the last day of the accounting period... to find out the correct profit and to determine the correct financial positing... sometimes you may require to make some adjustment to accounting records after the closing of the accounting year... like adjustments for expenses payable, income receivable, writting off bad debts ...etc.
For posting those transactions....period 2 is maintained ..which are also called as special periods... to make the postings in these periods ...special authorisation is required.....
Period 1 is for regular postings ...
Radha -
Open and Close Posting Periods According to G/L Account Assignment Objects
Hi,
Can anybody please explain me how configurations related to " Open and Close Posting Periods According to G/L Account Assignment Objects " works in SAP FICO? I am confused about this config.
Regards,
MandeepHi Mandeep ,
First i would like to tell about fiscal year
fiscal year is nothing but a financial year of company in sap . it contain 12 normal periods and 4 special periods.In genaral we will call like month but that is sap that is a period. so 12 period for 12 months ok next special period will use in all companies for audit and tax adjustment purpose of previous year.
coming to the open and close periods.in sap for security purpose we have to open one period like this month july so i opened july period only we cant post the pervious month (june)and we cant post future month lik in (Auguest)ok
You can close and open periods by transaction ob52.
In transaction ob52 there are account types
+ Valid for all account types
A Assets
D Customers
K Vendors
M Materials
S G/L accounts
V Contract accounts
+ means all types. if you want to open vendor then enter period from and to according to your fiscal year.
you cant adjust items in closed period. if you want to then you have to open the period
For your information.....
posting periods also open user level tc S_ALR_87003642.
customization levael OB52.
Regards
Kumar -
Open and Close Posting Periods - 0B52 (FICO)
Dear Friend,
It will be much appreciated if you can help me with the below question.
What are the years to be mentioned in the year columns (_Underlined below_) in the Open and Close Posting Period (0B52) for the Fiscal Year 2011- 2012.
i.e., From Period 1 (1), Year (____), To Period (12), Year (____), From Period 2 (13), Year (_____), To Period (16), Year (____).
What is the significance of these years.
Thanks in advance,
Kiran RD.
Moderator: Please, avoid asking basic questionsHi:
The column on the right From to TO is for special period opening and closing and columns on the left are for normal period opening and closing. If your fiscal year starts from January then for keeping open October period only and closing other , you will have to maintain all 10 in from and to along with year 2011 against account type A,S,K,D,M... I hope it will help you.
Regards -
Open and Close Posting Periods
Hi Experts,
When are are in open and close posting periods, we have
From account to account
From period 1 year to period & year
From period 2 year to period & year
Could you tell me difference between from period 1 & from period 2
Regards.Hi,
Open & Close Posting Periods
This function is used to allow posting any particular account within a any desired period only. The variant type
defined above is populated with characteristics i.e, in the combination of Variant type, Account type, Account Nos
and Posting Period.
Account types maintained by SAP are
u2018+u2019 Valid for all account types
Populating u2018+u2019 type is necessary even if all account types have
been defined separately
u2018Au2019 Assets
u2018Du2019 Customers
u2018Ku2019 Vendors
u2018Mu2019 Materials
u2018Su2019 G L Accounts
u2018Vu2019 Contract Accounts
Activity:
Variant type frm a/c to a/c frm pd1 year to prd year frm pd2 year to prd year
0001 + 1 2004 12 2005 13 2005 16 2005
0001 A ZZZZZ 1 2004 12 2005 13 2005 16 2005
0001 D ZZZZZ 1 2004 12 2005 13 2005 16 2005
0001 K ZZZZZ 1 2004 12 2005 13 2005 16 2005
0001 M ZZZZZ 1 2004 12 2005 13 2005 16 2005
0001 S ZZZZZ 1 2004 12 2005 13 2005 16 2005
Imp: u2018+u2019 type can be defined without u2018frm a/cu2019 & u2018to a/cu2019 limit, but for others i.e, A, D, K, M & S, a/c limits are required. However if posting periods are across accounts, u201Czzzzzzzzzu201D must be entered in u2018to a/cu2019 field.
Assign Variants to Company Code
Variant properties are assigned to a Company code.
Regards,
Sanju M S -
Open and close posting periods on test system
Hello together,
to open and close posting periods is only allowed on the develepment und the production client, but not on the test client.
It is an customizing object, but the flag "current settings" is set, so you also can change the settings on the production system.
In the test system, it only can be changed by opening the system for customizing using SCC4 und change to "Changes without automatic recording".
Is there a way to allow open and close posting periods on the test system without opening the client for customizing?
Regards,
MichaelHi Michael,
Please, refer to the note 356483. Proceed as following:
Call transaction SE54
Enter the Customizing object (view or table)
Select "Generated objects"
Choose "Create/change"
Select "no, or user, recording routine" in the bottom part of the screen
Save the change
The view in your case is V_T001B.
Regards,
Eli -
Can we open and close Posting period for HR module
Dear All ,
Can someone please tell me is there any option available to open and close Posting period for HR Module.We have In Finance and MM.
Cheers
Balaji Dhanavelcheck
the report RPCIPE00 useing SE38
can u be some wht clear of ur query once
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