In this SAP FICO tutorial, you will learn the step-by-step procedure to define the posting period variant in the SAP system with proper screenshots. The posting period variant in SAP FICO determines which periods are to be opened or closed for postings in SAP.
What is Posting Period Variant?
SAP FICO Posting period variant is a period variant that determines when to open and close the posting periods for entries.
SPRO > IMG > Financial Accounting > Financial Accounting Global Settings > Document > Posting periods > Define variants for open posting periods.
How to Define Posting Period Variant?
Please follow the steps below to define the posting period variant in the SAP system:
Enter t-code OBBO in the SAP Command Field and Execute it
Next on Change View "Posting Period: Define Variants": Overview screen you will see the list of previously defined posting periods on your SAP system.
Now, click the New Entries button to create variants for open posting periods in SAP.
Next enter the following details for the new posting period variant:
- Variant: Specify the 4 digits alpha-numeric key that identifies the new posting period variant in SAP.
- Name: Enter a short description for the new posting period variant.
Once all the details are entered then click on the Save button to save the newly configured variant details.
Next, select your Customization Request id and press Enter to proceed.
Now the message Data was saved will be displayed on your screen.
You have successfully defined the new Posting Period Variant ST in your SAP system.