Skip to Content
author's profile photo Former Member
Former Member

Open and close posting periods

Hi all,

I am a begginer of SAP FI. I am a bit confused with the open and close P.Ps. Could anyone plz explain me what for the regular and special periods are? when do u post into special periods.

What i understood is...if u want to post anything or make adjustments to the previous fiscal year, then this is posted into the special periods of that year i.e., the previous year. Is this right??

Could u plz explain with an example

Thanks

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jul 22, 2008 at 03:27 PM

    Hi,

    You open and close posting periods in transaction OB52. In OB52, the first range Per.1 (From To) is restricted for the authorization group you specify in the last field to the right (AuGr). Put the cursor on field AuGr and press F1 to read the help text.

    Special periods are nothing but extensions of the last posting period of a fiscal year. It necessarily need not be a posting in the previous fiscal year. Even in current year (assuming your last posting period is December), business may want to see the numbers on Dec. 20 (let's say) or any other date, and then make adjustment postings and see the financial statements again. If you want to distinguish these adjustment postings, you can post them into a special period. In fact, every posting in the last posting period can be segregated into either normal 12th posting period or into one of the 4 special periods.

    Edited by: Srikanth Tamma on Jul 22, 2008 11:29 AM

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hi,

      Ideally prior period adjustment should be done at the beginning of the year. And I think its not good to make adjustment on the close year especially if this has been audited, submitted to management and released to public. Special periods are design to cater all the adjustment in the current period and if this special period is still not enough to cater those adjustment, again prior period adjustment should be done at the beginning of the new period.

      Hope this helps.

      Thanks,

      Rod

  • author's profile photo Former Member
    Former Member
    Posted on Jul 22, 2008 at 03:17 PM

    Hi,

    the special periods (13 up to 16) are used for posting when the fiscal year is actually over. We used 13 for making year end postings, then pulling off the balance sheet, finding out we needed to do some more etc. Once we were happy with the preliminary balance sheet we closed period 13 and presented to sheet to management.

    Still balancing is a lot of politics, and if management was not happy we went for another round, opened period 14 and did it all over again.

    Being an IS person, I just hate it. But that's accounting and politics.

    Kind regards,

    Rudolf

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 23, 2008 at 06:06 AM

    Hi ,

    First i would like to tell about fiscal year

    fiscal year is nothing but a financial year of company in sap . it contain 12 normal periods and 4 special periods.In genaral we will call like month but that is sap that is a period. so 12 period for 12 months ok next special period will use in all companies for audit and tax adjustment purpose of previous year.

    coming to the open and close periods.in sap for security purpose we have to open one period like this month july so i opened july period only we cant post the pervious month (june)and we cant post future month lik in (Auguest)ok

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.