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Create Fiscal Year Variant in Sap

A fiscal year variant defines the accounting periods for a fiscal year in SAP. It typically contains 12 normal posting periods and 4 special periods. To create a fiscal year variant, you enter the variant code and description and select whether it is year-dependent or calendar year. You then maintain the specific periods, assigning each a month, day, period number, and optional year shift. Once periods are maintained, the fiscal year variant is saved.

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281 views5 pages

Create Fiscal Year Variant in Sap

A fiscal year variant defines the accounting periods for a fiscal year in SAP. It typically contains 12 normal posting periods and 4 special periods. To create a fiscal year variant, you enter the variant code and description and select whether it is year-dependent or calendar year. You then maintain the specific periods, assigning each a month, day, period number, and optional year shift. Once periods are maintained, the fiscal year variant is saved.

Uploaded by

jmgordoa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Create Fiscal Year Variant in sap | Fiscal year

Accounting Period
Definition Fiscal year :-
A fiscal year is divided in to number of posting periods and each posting
period in a accounting period is defined by a start date and end date

Fiscal year in SAP can be defined as year dependent or Year Independent

Year independent – Same number and dates for the periods every year
year dependent – Periods can be different from year to year

Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal
year
A Fiscal year variant contains the 12 normal posting periods and 4 special
periods. We can define maximum 16 posting periods for each year. Special
periods are used for Year end activities

Steps for configure the Fiscal year variant :-

Step 1 :-

Enter SPRO Transaction Code in the SAP Commend field and press
enter

Step 2 :-

In the next screen select SAP Reference Img


Step 3 :-

In the next screen Display Img , follow the Menu path

SAP Reference IMG –> Financial Accounting –> Global Settings –> Fiscal
Year –>Maintain Fiscal Year Variant

Step 4 :-

In the next screen select New Entries to create Fiscal year


Step 5 :-

New entries to Create fiscal year variant screen, update the following
information.

1. In the field Fiscal year variant FV enter the two digits unique code

2. In the description field update the name of Fiscal year Variant

3. Select the year-Dependent option if the Periods are different from year
to year

4. Select Calendar yr option if same number and dates for the periods of
every year

5. Update 12 in the Number of Posting periods field

6. Update 4 in the No. of Special Periods Field.

After updating the required data and click on save icon

Step 6 :-

Block Fiscal Year Variant AD and Double Click on Periods folder


Step 7 :-

Select New Entries Button

Step 8 :- Maintain the Periods for the Fiscal Year

First Coloumn - Month

Second Coumn - Day

Third Column - Period

Fourth column - Year Shift


After Maintain Fiscal Year Variant Periods, Click and Save icon.

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