Fiscal Year Variant in SAP
Fiscal Year Variant determines the posting periods to be used by your client’s company.
As the name implies it should be configured to match your client’s accounting year.
The Fiscal Year Variant is very flexible and can be configured to match any organization’s fiscal calendar.
SAP allows a maximum of 16 postings within a fiscal year. The 16 posting periods normally comprise of 12
regular posting periods and 4 special periods, which can be used for such things as posting audits or tax adjustments to a closed fiscal period.
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Assign Company Code to Fiscal Year Variant
Assign Company Code to a Fiscal Year Variant
For every company code, you must specify which fiscal year variant is to be used.
IMG Path: Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Assign Company Code to a Fiscal Year Variant
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Maintain Fiscal Year Variant
Maintain Fiscal Year Variant (OB29)
IMG Path: Financial Accounting>Financial Accounting Global Settings>Fiscal Year>Maintain Fiscal Year Variant
The important field in configuration are as below:
Fiscal year variants year-dependent Indicator:
Indicator that the allocation of posting periods to calendar days must be made individually for each year. This is necessary if the end of the period is not linked to a fixed calendar day.
Determine periods like calendar year Indicator:
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Fiscal Year
You can define how many posting periods a fiscal year has in SAP, how many SAP special periods you need, and how the system is to determine the posting periods when posting for a fiscal year variant.
Fiscal year variant shows impacts how data is reported to regulatory, authorities and shareholders. The fiscal year can be configured as a calendar year or user defined. For example, some company’s fiscal year begins at 1st May. However, a fiscal period can also be calendar months or user defined.
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