opening and closing periods in FI

[Former Member]

Dear FICO experts,

Just a quick question regarding OB52.

We have only 1 company code, can we use the same posting period variant in mulitple line items for the combination ALL account types and a range of periods that are open?

Posting period variant:0000

Account Type: +

Period from: 1

Year:2001

Period to: 12

Year: 2011

Posting period variant:0001 (continue making new posting period variants for all account types as needed)

Account Type: +

Period from: 1

Year:2012

Period to: 12

Year: 2012

OR

Do we just adjust the one line item: example below

Posting period variant:0000

Account Type: +

Period from: 1

Year:2001

Period to: 12

Year: 2011 (keep ajdusting this one line item whenever we need to open new periods for all account types)

Thanks, Deb

Moderator: Company code is assigned to one variant; so the question is irrelevant

[Former Member]

Hi,

The Posting Period Variant is just defined once and is not year dependent.

The second option that you maintained is the way how the Posting Periods are maintained.

Against the Same Posting period variant, you can have your open and closed periods and years maintained year after year.

Generally, you keep only 1 period in a year open, the current period, and at the most 2-3 periods in some cases, and that you can easily maintain in Range.

Hope this clarifies..

Regards,

SAPFICO

[Former Member]

Thanks very helpful

[Former Member]

Hi Debora,

Your last option is correct.

We do it same way in our systems.

Reg,

sdn

[Former Member]

You have to maintain the lines for all account types though.

[Former Member]

Hi

I suggest you to use the last option ,that would be better for you

Regards

Praveen P C

[Former Member]

Thanks SDNLOGINID !

Just needed to be sure.