Open and close posting period

In simple term open period can be refers that a period which are going to start posting. If you do not want to post any business transaction on that particular period we can keep that period in close posting.

Path: Spro → Img → Financial accounting (new) → Financial accounting global settings (new) → Ledgers → Fiscal year and posting period → Posting period.

A)    Define variants for open posting periods (OBBO)

Path: same

Click on new entries

Variants	Name
TEPO (any 4 code)	Posting period variants

      Press enter key and save

      Come back

B)    Open and close posting period (OB52)

Path: same

Click on new entries

Variant	A/C typ	From P1	Year	To P1	Year	From P2	Year	To P2	Year
TEOP	+	1	2008	12	2008	13	2009	16	2009

Press enter key and save

C)    Assign variants to Company code (OBBP)

Path: same

Click on Position

Company code	Variants
TASE	TEOP

Press enter key and save

Field Status Groups

The ‘field status’ of an individual field or a group of field is marked into a Field Status Group which is then assigned to individual GL master records.

Path: Spro → Img → Financial accounting (new) → Financial accounting global settings (new) → Ledgers → Fields

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