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Author's profile photo Rajenkumar Patel

Steps for opening and closing period – MM FI CO

Steps for opening and closing Period – MM FI CO

As many of us struggle with changing periods in our DEV and QA environments, here is quick reference for opening and closing period. In doubt, please consult with your FI/CO expert.

There can be upto four transaction involved depending on your situation.

•          MMRV – Allow posting to previous period

•          MMPV – Close Periods

•          OB52 – Change view “Posting Periods: Specify Time Intervals”: Overview

•          OKP1 – Maintain Period Lock

1. MMRV – View current period / Allow posting to previous period

This transaction allows you to view current period and change setting for posting to previous period.

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2. MMPV – Close Periods

In MMPV you can execute period closing up to the end of the current fiscal year. The period closing program updates the administration record, thus ensuring that the stock data of the material master are updated.

If, for example, you want to close your periods up to 03/2013, you are not allowed to post values in 01/2013. Therefore, if you still want to make postings in period t, you should execute period closing only for a maximum of t+1 periods.

Capture3MMPV.JPG

 

3. OB52 – Change view “Posting Periods: Specify Time Intervals”: Overview

In this activity, you close the posting periods for FI-AA and open the new periods for FI-AA.

No more FI-AA postings can be made to the previous period. Postings for the future periods are allowed.

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4. OKP1 – Maintain Period Lock

If needed, unlock period for CO transaction.

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If I have missed anything here or misinterpreted, let me know and I will correct it or add additional clarification/tips.

Source: help.sap.com

Also posted at : http://sapience-solutions.com/2012/02/01/steps-for-opening-and-closing-period-mm-fi-co

Download PDF of this document from this link : https://sapiencesolutions149809370.files.wordpress.com/2018/05/closing_periods-in-sap-mm-fi-co.pdf

Tag: M7053, MIGO, Month End, Period Closing

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      10 Comments
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      Author's profile photo Roberto Espinosa
      Roberto Espinosa
      Author's profile photo Rajen Patel
      Rajen Patel
      Blog Post Author

      Nice tip for OB52 Roberto

      Author's profile photo Former Member
      Former Member

      It was very useful document ....

      Thanks a lot .

      Author's profile photo Former Member
      Former Member

      Well documented

      Regards

      Nireesh

      Author's profile photo Former Member
      Former Member

      Good Documentation, with screen shots, make it easy to understand.

      Thanks n Regards,

      Arvind

      Author's profile photo Malka Samarasinghe
      Malka Samarasinghe

      Was searching on the topic.. this helped me a lot..

      Thanks,

      Malka

      Author's profile photo Former Member
      Former Member

      🙁

      I got a same error when I using mi21, It's a new company code ,the setting as the pic.Could you give me a hand?Really Thanks.

      MR21.png/wp-content/uploads/2015/06/omsy_722831.png/wp-content/uploads/2015/06/mmrv_722828.png/wp-content/uploads/2015/06/ob52_722829.png

      Author's profile photo PK Nanda
      PK Nanda

      Current Period  06 2015 Means Sep 2015

      Counting  like bellow


      1- April

      2- May

      3-June

      4-July

      5-Aug

      6- Sep


      So pls update the period with T- Code-MMPI as per your requirement.


      Author's profile photo Former Member
      Former Member

      Thank you  for your cooperation.

      It is good document.

      I appreciate your kindness.

      Author's profile photo Former Member
      Former Member

      Hi,

           Nice Work keep it up Sir.