How to define special posting period/ use of tcode (OB52)

 Basic settings related to special posting period:

 *Special posting period is use for adjustment entries at the time of auditing. Beside the normal 12 posting period SAP allows for defining a maximum four more such as 13,14,15,16 posting periods, which are known as Special Posting Periods, these are used for year-end closing activities.
*The special posting periods cannot be determined automatically by the system based on the posting date of document.The  special period needs to be manually entered into the posting period field in the document header.

How to define special posting period:

 *Run Tcode OB52 ( define maximum four special period)

*From period 2…Enter Year ……..Enter To period 2….Enter year ( Give 13 to 16 ) as special period

*Save

Note:

For posting in special period you have to enter special period explicity,and your posting date should fall in last actual period (March or December)

How to define posting period in SAP FI

In SAP FI Posting period variant is used to maintain accounting periods that are open for posting and all closed period  are balanced. This is used for opening and closing period in the fiscal year for posting purpose. You can assign these posting periods to one or more company code.