ACC_PERIOD - Open and Close Periods

SAP Transaction Code - Details

• Transaction Code: ACC_PERIOD

  Description: Open and Close Periods

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FINB_PERIOD

    Package Description: Period

    Parent Package: FINB_ENTITIES

  • Module/Component: FIN-FB

    Description: Financials Basis

Smart SAP Assistant

• SAP Tcode: ACC_PERIOD - Open and Close Periods

  
  Overview: 
  The ACC_PERIOD transaction code is used to open and close periods in the SAP system. This is a critical step in the accounting process, as it ensures that all financial transactions are properly recorded and accounted for. 
  
  Functionality: 
  The ACC_PERIOD transaction code allows users to open and close periods in the SAP system. This is done by entering the period number, the start date, and the end date of the period. The system will then automatically open or close the period based on these parameters. Additionally, users can also view a list of all open and closed periods in the system. 
  
  Step-by-step How to Use: 
  1. Enter the ACC_PERIOD transaction code into the command field. 
  2. Select “Open Period” or “Close Period” from the menu. 
  3. Enter the period number, start date, and end date of the period you wish to open or close. 
  4. Click “Execute” to open or close the period. 
  5. To view a list of all open and closed periods, select “Display Open/Closed Periods” from the menu. 
  
  Other Recommendations: 
  It is important to note that only authorized users can open and close periods in the SAP system. Additionally, it is recommended that users double-check all entries before executing any changes to ensure accuracy and avoid any potential errors or discrepancies in financial records.