At the end of the month ,the new period will be opened and closes the last period in Material Management.Following are the steps below.
To Open the Period in MM
T-code : MMPV
Enter the company code and enter the period and fiscal year or the date and execute
Period closing log will be issued as shown below in the screenshot.
To check the current Period
T-code : OMSY
ABp indicator shows tick marked to allow posting for the previous Period.