Create a Fiscal Year Variant



2. Create a Fiscal Year Variant
/nspro Screen

(Purpose: In the below path you define your fiscal year variant that matches your company Fiscal year, e.g.: K4)

- Financial Accounting
            - Financial accounting global setting
                        - Fiscal Year
                                    - Maintain fiscal year variant (T CODE: ob29)
                                                - Position k4
- Select K4 Line
- Save

            In the below path you assign your fiscal year variant to your company code.

Go back to the previous screen

- Financial Accounting
            - Financial accounting global setting
                        - Fiscal Year
                                    - Assign company code (T CODE: 0b37)
                                                - Position Your Company Code
                                                - Select
                                                - Save

(Go to position and go to your company code, in the fiscal year variant column select the variant column you defined in the previous step, e.g. k4).


SAP FICO system allows maximum of 16 periods, inducing 12 regular periods and 4 special posting periods.
Special posting periods can be useful for posting audit or tax adjustment to a closed fiscal year.  Four special periods can be used for four quarters.


Next step is to set up Posting Period Variant :Posting Period Variant

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