One of the responsibilities that traditionally falls to FICO in SAP is closing the Materials Ledger. Forget any territorial instincts you may have about that and just go with it…it’s FICO’s. The good news is that t-code MMPV (Close Period for Material Master Records) is easily set up as a background job to run automatically each month. We have ours set up using TIDAL to run at midnight on the last day of the month. Very simple to set up once you’ve created your selection variant.
Overview of MMPV
There are a number of activities that are managed by period in the materials ledger including: certain stock totals valuations, price units, goods movements, etc.
MMPV executes program RMMMPERI to close the current period and open the new one. The screenshot below shows how we would set up the screen to close June, 2007 and open July, 2007:
Caution: Do not confuse this t-code with MMPI. Please read up on all the dire warnings that SAP issues about MMPI in the Application Help. In particular, you can get out of joint by initializing to a period that is prior to the current MM period.