How to create and assign Fiscal year variant in SAP FICO

Create Fiscal Year Variant in SAP FICO

 

It is variant that is use to control and manage financial years in Financial accounting year and posting period variant for opening and closing posting period.

It is also known as Accounting year generally starts from 1 April 2019 to 31 March 2020 or 1 Jan 2019 to 31 December 2019.

  • It consist of 12 periods  therefore (1 period = 1 month)
  • Each period in fiscal year is called as posting period.

How to create fiscal year variant in SAP FICO

Path >SPRO > IMG > Financial Accounting > Financial Accounting Global Settings >Fiscal Year > Maintain Fiscal Year Variant. Transaction Code: > OB29

 

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