What is posting period variant in SAP FI-GL - General Ledger Accounting?

SAP Term: posting period variant

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: Is used to make it easier to open and close posting periods for closing operations. In SAP ERP and SAP S/4HANA, you define a posting period variant and assign it to various company codes. Instead of opening and closing a posting period for one company code after another, you simply open or close the posting period variant. In SAP S/4HANA Cloud, the posting period variants are preconfigured. One posting period variant is assigned to one company code.

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• Key Concepts: 
  A posting period variant is a set of rules that determine the valid posting periods for a company code in SAP. It defines the length of the fiscal year, the number of periods, and the start and end dates of each period. It also determines whether or not a period is open for posting. 
  
  How to use it: 
  Posting period variants are used to ensure that all postings are made within the correct period. To create a posting period variant, go to the SAP menu path SPRO > Financial Accounting > General Ledger Accounting > Periodic Processing > Posting Periods > Define Posting Period Variants. 
  
  Tips & Tricks: 
  When creating a posting period variant, make sure to select the “Open Posting Periods” checkbox so that postings can be made in the current period. Also, make sure to select the “Closed Posting Periods” checkbox so that postings cannot be made in closed periods. 
  
  Related Information: 
  For more information on posting period variants, refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP/6.0/en-US/f3d8f9a7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b14e8a9f3d7c2b1/.