Define Posting Period Variant

Menu Path

IMG -> Financial Accounting -> Financial Accounting Global Settings -> Document -> Posting Periods -> Define Variants for Open Posting Periods

 To separate business transactions into different periods, a posting period variant has to be defined so that transactions entered or posted are reflected in specific periods only.

For this firstly we need to define opening posting period

Here, we can define variants for open posting periods

In the standard setting, a separate variant for posting periods is defined for every company code. The name of this variant is identical to the company code name. Every company code is allocated to this variant with the same name.

In our example we will have posting period variant which is identical to the company code i.e. 1100

Click save icon to save entry

Thus posting period variant 1100 is created

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