What are posting periods in SAP?

What are posting periods in SAP?

Posting periods define the fiscal calendar; the allowed posting period defines which posting periods are open for posting data. The system uses the posting date to calculate to which fiscal period of a special purpose ledger the transaction data should be posted.

How do you change the MM posting period in SAP?

How to Open and Close Periods in Posting Period Variant in SAP

  1. Select Posting Period Variant.
  2. Select Account Type.
  3. Enter the Account number range for which you want to change the periods.
  4. Enter the Period to Open as per the Fiscal Year Variant of the Company Code assigned to the Posting Period Variant.

What is closing period in SAP MM?

MM period closing is done to post Material document while Fi period closing is done to close the FI related documents. The tcode to use in closing MM period is MMPV while through MMRV you can view which periods are open.if the period is not open then by MMPV transaction code you can open the period.

What is the Tcode to open posting period in SAP?

Use MMPV tcode and open the appropriate period required by you. Yes, MMPV and OB52. Hi, Check the current period of the SAP system using tcode MMRV.

What is OMSY?

OMSY is Materials management view for the company code. In this screen it shows current period, year and previous period and year.

What is SAP OB52?

OB52 (C FI Maintain Table T001B) is a standard SAP parameter transaction code that is used to maintain the contents of V_T001B database table. It does this by executing the table maintenance t-code SM30 in edit mode, assuming you have the appropriate authorisations.

What is OMSY T-code in SAP?

SAP Omsy Transaction Codes

# TCODE Description
1 OMSY C MM-BD Company Code for Matl Master
2 MMPV Close Periods
3 MMRV Allow Posting to Previous Period
4 MMPI Initialize Period

How do you use OMSY in SAP?

SAP MM – Maintain Company Code for Material Management

  1. Configuration steps.
  2. Step 1 : – Execute t-code “OMSY” in command field from SAP easy access screen.
  3. Step 2 : – On change view “Material Management View on Company Codes ” overview screen, choose position button and enter you company code in the given field.

How many types of Chart of Accounts are there?

There are two primary types of accounts in a chart of accounts: Balance Sheet Type. Income Type or P&L Type (P&L stands for Profit and Loss)

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