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Former Member

Multiple Fiscal Year

My Client is in India and their parent co is in US. Client want to prepare two financial statements, one as per Indian Law i.e. April to March and another one as per parent co i.e. October to September. We can not have to Fiscal Year for one co code. Pl let me know to map/configure this requirement.

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4 Answers

  • Best Answer
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    Former Member
    Posted on Mar 29, 2007 at 04:25 AM

    Hi

    Create two company codes one for Indian comapny and another for US parent company. Assign two different FYV. For US company code you can assign Country Chart of Accounts to get country specific financial statements. You can also assign Group COA to get statements for a group as whole.

    Hope this helps

    Pushkaraj

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    Former Member
    Posted on Mar 29, 2007 at 04:28 AM

    In this case you may have to use functionality of special purpose general ledger.

    Regards

    Rakesh Pawaskar

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    • Former Member

      Hello

      I am facing same problem for (fiscal year) can you tell me how can maintain this in our system do you have some configuration or note for that witch I can refer

      Thanks

      Ashish

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    Former Member
    Posted on Aug 23, 2007 at 09:02 AM

    Thanks Rakesh for the information.

    I got the document from one of my friend on this.

    Thanks once again

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    Former Member
    Posted on Aug 23, 2007 at 10:27 AM

    Hi

    If you are using ECC 5.0 you can use parallel ledger whith diffirent fiscal year variant in Config step---> Ledger.(New GL should be activated)

    If you are using upto 4.7C version of SAP then you can only use Special Purpose ledger

    Go to SPL >Master >LEdger-->create a new ledger

    Assing No ranges to Ledger

    Assing Fiscal Year

    Follow the steps/nodes in SPRO

    Thanks

    Colin Thomas

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