Start a New Year: Create New Posting Period

Happy New Year !! It’s time to create a new posting period on your SAP system. But first, make sure that you already finished customizing your G/L Account Determination and had a period indicator for a next year (you can also check our previous tips about G/L Account Determination here). Open menu Administration > System Initialization > Posting Periods. And click on button New Period If you haven’t setup a period indicator yet, please setup a period indicator first before you create a new period. (Go to menu: Administration > Setup > Financials > Period Indicator) Please fill all the