Fiscal Year Variant in SAP

June 29, 2009 by mySAP
Filed under: Financial Accounting Module

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.

Having four special posting periods gives you a lot of flexibility. You may want to use one special period for each quarter and year-end audit and/or tax adjustments.

When you close a period or year in SAP you define which regular and which special posting periods are allowed for posting. Because the default period for each posting is one of the 12 regular posting periods you can be safe by keeping open one or more special posting periods for posting.