Access Customizing for the Material Master and choose Maintain Company Codes for Materials Management .
The overview screen appears.
For each company code you want to maintain, specify the following data:
- Fiscal year of the current period
- Current period (for example, the current calendar month)
Save your data.
The current period and the indicator allowing posting to the previous period (backposting) are set, and the control record is created. The control record contains the following information:
Current period
Previous period
Last period of the previous year
If you do not want to allow data to be posted to the previous period, see Disallowing Posting to the Previous Period .