create posting period variant in SAP FICO

This SAP Fico Tutorials guides you how to Create posting period variant in SAP FICO. Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.
It explains step by step how to define posting period variant in SAP system. Posting periods are defined in fiscal year variant. You can open and close posting periods in a posting period variant defined and assigned. So learn how to Define variant for open and close posting periods in SAP FICO step by step.

create posting period variant in SAP FICO

Creation of Variants for opening posting period in SAP – T.Code OBBO
SAP Menu Path :- SPRO –> IMG –> Financial Accounting –> Financial Accounting Global Settings –> Documents –> Posting Period –> Define variants for open Posting period.

Click on Define Variants for open posting periods.
Click on New Entries Button.

create posting period variant in sap fico

Give your Company variant name and description. Then Click on Save Button.
Again click on Continue Button. See the below screen.

create posting period variant in sap fico
We get a message Data was Saved.

create posting period variant in sap fico

Creation of Variants for Open and Close Posting periods in SAP – T.Code OB52
SAP Menu Path :- SPRO –> IMG –> Financial Accounting –> Financial Accounting Global Settings –> Documents –> Posting Period –> open and close posting periods.

Click on Open and Close posting periods.
Then Click on New Entries Button.
Give your variant name – ITCI or Press F4 and select ITCI from the list.
Others details fill up properly. See the below screen.

create posting period variant in sap fico
Then Click on Save Button.

create posting period variant in sap fico

Again Click on Continue Button. We get a message Data was Saved.

create posting period variant in sap fico

Assign Variants to Company Code in SAP – T.Code OBBP
SAP Menu Path :- SPRO –> IMG –> Financial Accounting –> Financial Accounting Global Settings –> Documents –> Posting Period –> Assign Variants to Company code.

Click on Assign Variants to Company Code.
Go to position Button.

create posting period variant in sap fico

Give your Company Code and Click on Continue Button.
Finally give your created variant name or Press F4 and select same variant name from the list. And Click on Save Button.

create posting period variant in sap fico

Finally Click on Continue Button. We get a message Data was Saved.

create posting period variant in sap fico

Feel free to inform any further queries about this topic via comments. We will get back to you shortly. You may also like our previous post How to create fiscal year in SAP FI and Sap fico enterprise structure.

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About Pranab Guha

Pranab has experience, in SAP FI (Finance Accounting module) and domain experience in Accounts and Taxation. He has been involved in SAP Customization & Support Projects as a Functional Consultant also a creative writer and lover of all things tech, SAP modules and finance. Also an active member of this creative blog.

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