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What is the meaning of "zzzzzzzzz" in open & close posting
period?

Answers were Sorted based on User's Feedback



What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / binoj m d

All GL accounts are allowed for posting.

Is This Answer Correct ?    4 Yes 0 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / b.tulasi rao

postings in sap are controlled by 'opening'or 'closing' of
posting periods.Normally,the current posting periods is
open for document posting and all other periods are
closed.At the end of the period(month),this posting period
is closed and the new one opened for postings.This way it
provides better control.

Regards
Mr.Rao(Hyd)

Is This Answer Correct ?    4 Yes 1 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / koteshwara kumar

In SAP the periods are controlled by Posting period Variant.

The main use of ZZZZZ is:

+ type can be defined with out from account and To Account
limit
but for other like
A Assets
D Customers
K Vendors
S GL
M Material
V Contracts

For these accounts limits are required.

however if posting period are accross accouts, ZZZZ must be
entered in TO Account Feild.

Is This Answer Correct ?    4 Yes 2 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / haroon

A TO Z FOR ALL G/L POSTINGS

Is This Answer Correct ?    2 Yes 0 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / satish kumar gunda

"zzzzzzzz" is called masking, this means that "include all".

Is This Answer Correct ?    3 Yes 2 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / l_arthurraj

It allows all accounts to be opened like a to z.

Is This Answer Correct ?    5 Yes 5 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / haroon

In the posting period main purpose of controlling of the
entry level. if may controlled by monthly once , or
quarterly once or yearly once. Most of companies creating by
posting period of monthly once controlled by all entries. It
mainly used daily updating entry, fast to fast,and awareness
of all employee levels.
The following of the furnished indicating :
A Assets
D Customers
K Vendors
S GL
M Material
V Contracts
In the controlled by the G/L.

Is This Answer Correct ?    0 Yes 0 No

What is the meaning of "zzzzzzzzz" in open & close posting period?..

Answer / l_arthurraj

It allows all accounts to be opened like a to z.

Is This Answer Correct ?    2 Yes 5 No

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Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?

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