In this tutorial, you will learn-
- How to Create a Fiscal Year Variant
- How to assign Company Code to a Fiscal Year Variant
How to Create a Fiscal Year Variant
Step 1) Enter the Transaction code SPRO in the SAP Command Field and Press Enter
Step 2) In the next screen Select SAP reference IMG
Step 3) In next screen-"Display IMG" navigate the following menu path :
SAP Customizing Implementation Guide Financial Accounting -> Financial Accounting Global Settings->Fiscal Years -> Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year )
Step 4) In the next screen, Select "New Entries" from the Application Toolbar
Step 5) In the next screen , Enter the following Data
- Enter two digit unique fiscal year variant key
- Enter a Description for Variant created.
- If Fiscal Year is year dependent , that is if start and end dates for fiscal year changes between year, then select this option, normally it is used for shortened fiscal year.
- If Fiscal Year is same as calendar year , that is Jan - Dec , then select this option.
- Enter the number of posting periods for this fiscal year
- Enter the number of special posting periods for this Fiscal year, that is used for closing activities.
Step 6) After entering all required data , Press Save from the standard toolbar
Step 7) In the next screen, Enter the customizing request number and you have created a new Fiscal year Variant
Step 8) For Maintaining the period dates , that is if the Fiscal year Variant is not Calendar Year, then we can maintain the Posting period by
- Select the Fiscal Year Variant you want to maintain the period
- Select the Periods folder
Step 9) In the next screen , Maintain the periods for the Fiscal year in Ascending order
Step 10) After maintaining the periods , Press "Save" in SAP Standard Toolbar
How to assign Company Code to a Fiscal Year Variant
Step 1) Enter the Transaction code SPRO in the SAP Command Field and Press Enter
Step 2) In the next screen Select SAP reference IMG
Step 3) In next screen-"Display IMG" navigate the following menu path :
SAP Customizing Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings->Fiscal Years -> Assign Company Code to a Fiscal Year Variant
Step 4) In the next screen , Assign Company code in the list with the corresponding Fiscal Year Variant
Step 5) After the assignment , Press "Save" from the SAP Standard toolbar
Step 6) In the next screen , Enter the customizing request number
You have successfully assigned Company code to Fiscal Year Variant
You can also assign Fiscal Year Variant in the Company code via Company Code Global Parameters Settings.
