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what is difference between posting period and fiscal year
variant?
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Answer Posted / dharmendra patidar
Hi,
The fiscal year variant contains the number of posting
periods in the fiscal year and the number of special
periods. You can define a maximum of 16 posting periods for
each fiscal year in the Controlling component.You need to
specify the fiscal year variant for each company code.The
fiscal year variants of the company code and controlling
area may only differ in the number of special periods used.
You need to ensure that the fiscal year variants match, in
other words, they may not have a time conflict.
posting period variant:-Several Company codes can use same
posting period variant.The SAP system automatically
determines the posting period and fiscal year based on the
posting date entered.The posting period variant is assigned
to the company code.Posting periods are defined in the
fiscal year variant, Closing/opening posting period are
carried out in posting period variant..........
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