july-june-5-4-4-fiscal-year-2020.jpgHi Experts,
I read many articles on fiscal year variant: July-June, 5-4-4 Fiscal Year methods.
Still I'm wondering on how system Considering dates. I'm not able to understand that what does mean by 5-4-4?
In our client system we had the following configuration method in table T009B and now Client requested us to maintain the same method for Fiscal year 2021 but I'm bit confused on "Day" field. At basis we have to maintain the Day field values?
Please refer the attached screen shot in which i have highlighted the Day field values and days maintain random values.
So i need to understand that how to maintain the same for next year and how system is considering this when posting a transactions?
FV Year Month Day Period Year shift
00 2020 1 31 7 0
00 2020 2 28 8 0
Regards,
Chinna.