Close MM Period Earlier than End Month Date

[Former Member]

Dear Expert,

Can anybody tell me what is the impact if we close the MM period earlier then end month date. For example I close my MM period at this date 27 October not at the end date of October which is 31st October. What happen to any inventory posting after 27 October? will it be post to the new period or not?

[Former Member · Accepted solution]

Hello,

If you close period on 27 oct insted of 31 oct.

You can able to make GR posting of 1 Nov on 27 oct!!!

If you open next period and that is of november. You can still able to post documets in month of october. In this case you can not post document in previous month that is september.

If you put posting date of october 27 it will get posted in oct itself.

But why you want to do like this?? means it is clients requirement or your ambiguity?

Regards

Kedar Kulkarni

[Former Member · Accepted solution]

Thank for your reply Kedar,

Our company plan to have a big stock take on this 27 Oct. So our FI team decide not to receive any stock posting within that date. The stock take event will finish until 31st Oct. Our User still need to proceed with their job such as GI and GR but they need to post the document to the next MM period. But the user can still proceed with any invoices because our FI current period still active.

[Former Member · Accepted solution]

Hello,

In this case also you are able to make GR GI on 27 th oct. If you open november you can not do posting in September.

So how you can avoid MM posting 27 to 31

Kedar

[Former Member · Accepted solution]

Hi Kedar,

I will set MMRV - not allow posting to back period. So if user try to do GR or GI the need to set the posting date to november. It is look like no posting after 27th of Oct.

[Former Member]

Hi,

At the end of every financial period the finance team have to produce reports on what has happened including the stock value etc.By closing the period it stops any further postings to that period (unless you allow postings to the previous period in MMRV).

This means that they are not having to manage a moving target.

This is an over-simplification, but basically it is to stop further postings or to ensure that current postings happen in the open period automatically.

thanks

suresh