Fiscal year
variants helps in defining the relationship between the calendar and fiscal
years, it is specifying the number on of posting periods and special posting
periods required in fiscal year. There can be maximum 12 posting periods and 4
special periods in General Ledger (GL) accounting.
Special Periods: Besides the normal 12
posting periods, SAP allows for defining maximum of 4 more posting periods it
is known as special periods. This periods is used for year-end closing
activities.
Path: Spro → Img
→ Financial accounting (new) → Financial accounting global setting (new) →
Ledgers → Fiscal year and posting periods → Maintain fiscal year variants
Click on new
entries
|
FV
|
Description
|
No.
posting
|
No.
posting period
|
No.
special period
|
|
TE
|
Apr-Mar
4 – spl
|
12
|
12
|
4
(maximum)
|
Press enter key
Select your
fiscal year variant code (TE) and double click on period folder
Click on new
entries
|
Month
|
Day
|
Period
|
Year
shift
|
|
04
(April)
|
30
|
1
|
0
|
|
05
(May)
|
31
|
2
|
0
|
|
06
(June)
|
30
|
3
|
0
|
|
07
(July)
|
31
|
4
|
0
|
|
08
(Aug)
|
31
|
5
|
0
|
|
09
(Sept)
|
30
|
6
|
0
|
|
10
(Oct)
|
31
|
7
|
0
|
|
11
(Nov)
|
30
|
8
|
0
|
|
12
(Dec)
|
31
|
9
|
0
|
|
01
(Jan)
|
31
|
10
|
-1
|
|
02
(Feb)
|
28
|
11
|
-1
|
|
03
(Mar)
|
31
|
12
|
-1
|
Press enter key
and save
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