IMG > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant (Maintain Shortened Fisc. Year)

You can define the following characteristics for a fiscal year variant in SAP.
How many posting periods a fiscal year has, how many special periods you need, how the system is to determine the posting periods when posting
When defining your fiscal year, you have the following options:

• Your fiscal year is the calendar year
In this case, you must only select the Calendar year field.
• Your fiscal year is not the same as the calendar year and is not year dependent
In this case, you first enter the number of your posting periods in the Number posting per. field. To define your posting periods, select your fiscal year variant and select Periods on the navigation screen. On this screen, enter the month and the day of the period end and the period in each case.
•Your fiscal year is not the same as the calendar year and is year-dependent.
Enter the number of your posting periods in the field Number posting periods and select the field Year-dependent. To define your posting periods, select your fiscal year variant and select Periods on the navigation screen. The system asks for which calendar year your year-dependent fiscal year variant is valid. You then enter the month and day of the period end for each of your periods, and the periods themselves.
You can use the standard fiscal year variant K4 in SAP where the financial accounting year corresponds to January to December.
In case the financial accounting year is April to March, you can use the standard fiscal year variant V3 in SAP

You can copy and create new variants, but bear in mind it should start with Z as the starting character.

In our example we will use the standard fiscal year variant K4

7. Assign Company Code to a Fiscal Year Variant

IMG> Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Assign Company Code to a Fiscal Year Variant

The company code 9100 needs to be assigned to a Fiscal Year variant. This controls which periods the company code will post data.



Assign company code 9100 to K4 fiscal year variant in SAP.