Ob52 Open and close FI posting periods

Open and close posting periods

Background- A financial document is posted to a period in SAP, e.g., if the date is 1/1/2018, the posting period is 1 if we are using a calendar dependent posting period variant.

The posting period controls which periods we can post to. If the date is 1/1/2018, it won’t make sense for us to post in period 2, 3, etc. we would just post to period 1, or we might still be posting some entries to 12/2017 as we might not have closed the books of 2017 yet.

Enter the tcode OB52 to access the open and close periods transaction.

Enter the posting period variant that is assigned to your company code

Enter the posting period variant that is assigned to your company code

If you are not sure of the posting period that is assigned to your company code, check the tcode OBY6, enter your company code and check which posting period variant is assigned here.

If you are not sure of the posting period that is assigned to your company code, check the tcode OBY6, enter your company code and check which posting period variant is assigned here.

After finding out your posting period variant, enter it in the popup box in tcode OB52

After finding out your posting period variant, enter it in the popup box in tcode OB52 

You will see the values below which show you which periods are currently open in your SAP system. If you do not see any values on the screen below, then create the values first by clicking on new entries.

You will see the values below which show you which periods are currently open in your SAP system.

If you do not see any values on the screen below, then create the values first by clicking on new entries.

This is what all the columns mean A-This means the account type for which you are opening and closing the periods. For e.g. A stands for Assets, so for any Asset accounts, you can only make postings from Period 3 to Period 3 of 2018. If you make postings in any other period, you will get an error message. From acct- If you leave this column blank, then it applies for all accounts in that category.  you can also enter a range of accounts or a particular account if you want that account to have a different period open. e.g. if your asset range is from 7000000-7500000, if you leave the from account field blank, everything in this range can only be posted to in period 3. but if you want to have account 750000-7500010 open for period 3 and 4, you would enter that range in there and you would have two lines for

This is what all the columns mean

A-This means the account type for which you are opening and closing the periods. E.g., ‘A’ stands for Assets, so for any Asset accounts, you can only make postings from Period 3 to Period 3 of 2018. If you make postings in any other period, you will get an error message.

From acct- If you leave this column blank, then it applies for all accounts in that category.

You can also enter a range of accounts or a particular account if you want that account to have a different period open. e.g., if your asset range is from 7000000-7500000, if you leave the from account field blank, everything in this range can only be posted to in period 3.

But if you want to have account 750000-7500010 open for period 3 and 4, you would enter that range in there, and you would have two lines for “A” one line range will be 750000-7500010 and open for period 3-4, and another line will be blank and open for period 3 only.

To account- The ending range of the account. E.g., 7500010 ( from the range 7500000-7500010)

From per.1- This is the first period that is open for the range specified in the previous column. E.g., if we are opening period 3 to 4, we would enter 3 in this field.

Year -The from year. E.g., we would period 3-4 of 2018 to be open, so we enter 2018 in here.

To per. 1- The ending month for this range. E.g., you would enter 4 in this field if you would need the ending month to be 4.

Year- This is the “to” year. E.g., if you are only opening 2018, then the value in the “From year” and “To year” would both be 2018, but in year-end situations where you want December 2018 to Jan 2019 open, you will enter 2019 in this field.

The columns after this apply for special period postings.

Note-You can do a drop down in that field to see a list of available values in the first column “A.”

Note-It is important to keep these periods in synch with the MM periods. If the posting is generating from MM and the MM period is closed and the FI period is open, you will still get an error. The Tcode for the MM period is MMPV. To change the periods currently open, just change the value and click on save.

Note-It is important to keep these periods in synch with the MM periods. If the posting is generating from MM and the MM period is closed and the FI period is open, you will still get an error. The Tcode for the MM period is MMPV.

To change the periods currently open, just change the value and click on save.

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