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Posting Period - Period Interval

Hi Guru,

What is the difference between the period interval 1 and period interval 2 in transaction open and close posting period (tcode: S_ALR_87003642 or ob52)

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6 Answers

  • Best Answer
    Posted on Mar 02, 2007 at 01:26 PM

    Hi !

    The purpose of bifurcating the posting periods into Normal and specail is to allow the year end adjustments based on the auditor's observations, Rectification of errors, Some financial adjustments etc. Whenever you post to specail periods, the posting date will remain in the last period (12th).

    13th,14th,15th,16th periods are normally used by the Accounting staff.

    Thanks

    Siva

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 02, 2007 at 08:29 AM

    At any point of time you can have an interval of two periods open. Period 2 is normally used for opening of special period,

    Regards

    Rakesh Pawaskar

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  • Posted on Mar 02, 2007 at 08:31 AM

    Hi,

    Technically the difference is that interval 1 is affected by the authorisation group, while interval 2 is not.

    Kind regards

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 02, 2007 at 09:07 AM

    Hi,

    please go through the below site.you can see the defination and configs.

    http://www.sap-img.com/zf011.htm

    OR

    http://www.sap-img.com/sap-fi.htm

    Nagesh

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 02, 2007 at 09:31 AM

    Hi

    Posting period interval 1stands for normal posting periods and PP interval 2 tands for special posting periods.

    Special posting periods are used for adjustment postings after the year end.

    Normally, no postings takes place into this during normal accounting periods.

    Once year end is closed, the special periods can be kept open.Usually the last normal posting period ie., 12 will be divided into max 4 pecial periods in FI.

    In configuration, you define special postings periods or not. you have to define normal posting periods.

    Hope im clear

    Assign points if useful

    Regards

    Aravind

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 02, 2007 at 11:10 AM

    Hi

    Actually in Posting Period 1 that is from period 1 to Period 12 indicates the periods for each month. to encounter the Day to Day Transactions..

    And on the other side Posting Period 2 is meant for Speacial Posting Period that is Period 13 to Period 16., standard as per SAP..

    These SPP are mainly useful for and at the time of Year End Closings.. that is as per the fiscal year March 31 is the Year End., So, after March., the usuall business practice is to finalize the financial statements for Year End.....

    During the Year End Closing., to encounter the day to day transanction, we can use the Speacial Posting Periods., after the completion of Year End Closing., in the New Fiscal year we can transfer the Financial Data from Speacial Posting Periods..

    So, it wont affet the Business Process....

    I think you got some useful information....

    Raja...

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