Friday, 6 September 2013

Open and Close Posting Periods in FICO

Open and Close Posting Periods:

Same Path ----> Select New Entries Button
Variant   A/c       From               To     From       Year        To                 Year           From          Year
              Type     A/c                 A/c     Period1                Period 1                            Period2

PSL     + Valid   Keep it          Keep it      4       2009        12                 2009                                      12          2008
            All a/c    Blank             Blank
              tyes

To                    Year                     AU Group ( Authorization Group)
Period 2
                            12                   2008                    Keep it
               Blank
Save and Press Enter to save your request.

After declaring results upto June'09 to the management. We want to open period from July'09 to March'10. We also want to open for March'09 as Audit is not completed.  In this scenario SAP has given 2 Options.
From Period1  which is MANDATORY IN SAP
         July-2009 to March 2009
               4.2009 to 12.2009

From Period2 Which is OPTIONAL IN SAP                March-09 to March-09
   12.2008 to 12.2008

At the time of Opening Posting Periods , Authorisation Group is kept as Blank.  When June Profitability is declared period to be open will be July'09 to March'2010.  After July'09 profitability Period to be open will be Aug'09 to March'10. So Opening and Closing of periods Screen is regularly used in SAP. As this screen is widely used, SAP has given the access of this screen at the End User level also.  It may be Misused by End User.  To resctrict the misuse Authorization Group is Helpful.

Basis Consultant will create Authorization Group Say "X" and assaign user ID's say Manager Dy.Manager of Accounts to this Group.  Hence these 2 people only can access the screen and make changes in opening periods.
Path for Posting Periods Entry at End User Area:
Accounting---->FinancialAccounting---->GeneralLedger->Environment---->CurrentSettings---->Open&ClosePostingPeriods
(TC= S_ALR_87003642)
Select Position Button                                                           

Posting Period Variant------> PSL                               save & Press Enter to save in your request.

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