Can we reopen MM period in SAP?

Then, Remove assignment of Plants from Company Code (In SPRO). Now use T-Code OMSY & Set the required Period. Now use T-code – OMWD to Assign Valuation grouping code to Valuation area because the earlier data gets deleted when assignment of Plants was removed.

How do I open an old MM period?

To open closed period, go to SU01, key in the user id and in parameter tab, key in MMPI_READ_NOTE and date which you want to open and save.

How do you unlock periods in SAP?

In SAP, we use transaction code OKP1 to unlock the period. In order to unlock prior period, the management or the concerned authorities should review the impact of posting entries in prior period.

How do you reset the posting period in SAP?

As per SAP Notes 487381 ( If the periods are opened in advance in mmpv to again change it to current period the following process should be follow ), Go to Tcode MMPI, then go to menu bar and select system -> user profile->owndata.In that screen , under the parameters tab enter MMPI_READ_NOTE in Parameter ID field and …

How do I know which MM period is open in SAP?

You can open and close the MM posting periods by using Tcodes MMPV and MMRV. To check the current open MM periods for all the company codes under your chart of accounts, you can use the Tcode OMSY.

What is OMSY Tcode in SAP?

OMSY (C MM-BD Company Code for Matl Master) is a standard SAP parameter transaction code that is used to maintain the contents of V_001_MARV database table. It does this by executing the table maintenance t-code SM30 in edit mode, assuming you have the appropriate authorisations.

What period is open in SAP MM?

What does MMPV do in SAP?

MMPV – This will open your next period. It is done to close the current period and open the new period. If we enter the date or month in MMPV means we are opening that date or month by closing previous date or month.

How do you change the MM posting period in SAP?

Anyway what you need to do is just goto MMPV and enter 3000 company code and enter the current year and month in it. The idea of you enter current year and month to MMPV with the relevant company code is you allow system to make postings to current period and by closing previos period.

How do I open my posting period?

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Posting Periods → Open and Close Posting Periods → Execute.

What is posting period in SAP MM?

It means for a particular company code, a posting period is maintained and posting to that document is only allowed within that period. A posting period for a company can be defined using five fields which are as follows − Maintain Fiscal Year Variant. Assign Fiscal Year Variant to Company Code.

How do you change periods on OMSY?

USE t. code OMSY and change the posting period to the one you want and save.

How to post to a previous mm period?

If you have a different answer for this question, then please use the Your Answer form at the bottom of the page instead. To close the previous MM period and open the current period you use the Tcode MMPV. To check the current open period and to allow posting to previous period we use the Tcode MMRV. Prithwiraj.

What is a posting period in SAP?

A posting period allows one to post and make changes in the documents only in a specific time period. Sometimes you will get errors like “posting allowed only in this time period for a certain company code”.

How to open and Close posting periods in IMG?

Step 1 − On the Display IMG screen, select Open and Close Posting Periods by following the above path. Step 2 − Click New Entries. Step 3 − Provide the name of variant, account details, and the year allowed for posting.

How to close the previous mm period and open current mm period?

To close the previous MM period and open the current period you use the Tcode MMPV. To check the current open period and to allow posting to previous period we use the Tcode MMRV. Prithwiraj. Help to improve this answer by adding a comment.