What is the TC for assigning company code to a posting period variant and why should we do that?

T.code - OBBP

Assigning is linking the company code to posting period variant  to have control over posting of transactions . This is mandatory setting in SAP

T.Code : OBBP.

Posting period variant will determine the transaction posting' ie' which are the periods in which you can post the transaction for particular fiscal year.

The TC for assigning company code to a posting period variant is OBBP. We need this to secure these documents we have a concept of posting period. Posting period means it will allow you to post and make changes in the documents only in a specific time period. Sometimes you will get error like posting allowed only in this time period for a certain company code. This means for a particular company code posting period is maintained and posting to that document is only allowed within that period. 

Allocate Posting Period Variant to Company Code

IMG -> Financial Accounting -> Financial Accounting Global Settings -> Document -> Posting Periods -> Assign Variants to Company Code

t code OBBP