Manage Posting Periods - Cost Accounting in SAP S/4HANA Cloud

[Swati_Balani]

Welcome to this blog post on Manage Posting Periods - Cost Accounting in SAP S/4HANA Cloud.

We saw some queries on this new app and the difference between the old and the new app so providing more details to clarify your doubts.

 

You can use this app Manage Posting Periods - Cost Accounting to

• Open and close fiscal periods for cost accounting transactions

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  Display the status of CO periods - open or close

  
  


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  Open or close CO periods by company code

  
  


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  Open or close CO periods for specific business transactions types by company code

  
  


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  Schedule background jobs to open and close posting periods

  
  

 

Now we see the earlier already existing app - Manage Posting Periods

This app allows you to open or close fiscal periods for both finance and controlling transactions and for normal as well as special periods.

To Open Periods, click on Set Posting periods at the bottom of the screen -

Select a posting period variant item that you want to change, and choose Set Posting Periods > Open Periods.

Change the fiscal year period to open a posting period and save.

The process can also be scheduled to avoid manual periodic intervention. To schedule background jobs, choose Set Posting Periods > Schedule Recurrence.

Opening a posting period will automatically close the previous period.

In addition to normal periods, you can change adjustment periods for authorized users (by the authorization group field) and CO periods to meet your needs.

But as you notice above, it does not allow you to open or close periods on business transaction level with this option.

When you want to open and close fiscal periods for cost accounting transactions especially for individual business transaction types, you can select the CO Period Status tab in the footer bar which will then take you to the new Manage Posting Periods – Cost Accounting app we discussed above.



 

 

 

 

 

 

Hope the difference between the two Fiori apps is clear.

You can find more information on this help site.

Do let me know if you have any more questions on this topic by writing in the comments section.