SAP Financial Accounting (FI) posting period variants are used to maintain the accounting periods. These accounting periods are open for posting and thus balance all the closed periods. Also, one or more company codes can be assigned to these posting periods.
How to create posting period variants in SAP FI?
SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Define Variant for open Posting Periods → Execute.
1. Go to t-code or follow the path mentioned above.
2. Click on New Entries
3. Enter the details: Posting period variant key and description.
4. Click on save.