In SAP FICO, accounting period variants are used to manage the accounting periods open for validation and for all closed periods to be deleted. These are used for opening and closing periods of the financial year for reservation purposes. These posting periods can be assigned to one or more companies.
In SAP FICO, posting period variants are used to maintain accounting periods open to post while all closed periods are balanced. These are used to open or close periods in the fiscal year for posting. We can also use these posting periods to assign to one or more company codes.
