Maintaining Fiscal year variant

[Former Member]

Friends,

Can someone explain to me this structure of the fiscal year variant.

As can be seen, there are 2 periods for each quarter...I dont understand why is this. Also, There is period '1' again in the end for Month 12 with Yera shift as +1.

Can someone explain this please.

Month Day Period Year Shift

1 27 1 0

3 3 2 0

3 31 3 0

4 28 4 0

6 2 5 0

6

7

9

9

10

12 1 11 0

12 29 29 0

12 31 1 +1

[Former Member · Accepted solution]

hello,

if i am understanding then u want to know that why this year shift is +1,

this is because ur fiscal year is year dependent ie the start and end of the period is not on same day. so, in this case u need to follow shortened fiscal year in which +1 signify the considerable fiscal year is next new year.

eg:- suppose the fiscal year is2007-2008, then we say in our system that this is fiscal year 2007 not 2008 even the month comes january of 2008, but in ur case in ur case u will called fiscal year 2008 because ur year shift is +1 and our year shift is -1.

hope this can be useful.

please reward points.

[Former Member]

Hi,

In fiscal year variant your are define the periods under different types. one period means it is not a month. it may be one day also. it is not standard one . for Further reference please see the standard ones namely, F1 this is also like one of the customization and standard one.

Coming to year shift. For example according to india the accounting year is April to march. so the First month is according to accounting transactions April and the last month March. But our calendar shows from January to december. That is the reason we are specify Jan to March as -1. See V3 standard one.

IF the accounting year start from May to April. then From Jan to april the year shift will be -1.

Hope this clear, if yes assign points.

Regards,

Sankar

[Former Member]

Hi,

Thanks for the reply. I understand the fiscal year being from April to Mar and year shift being -1 from Jan to Mar. But in my case, the year is from Jan to Dec and year shift is +1.

Month Day Period Year Shift

1 27 1 0

3 3 2 0

3 31 3 0

4 28 4 0

6 2 5 0

6

7

9

9

10

12 1 11 0

12 29 29 0

12 31 1 +1

[Former Member]

hi,

it means u r using k4 fiscal year variant , in ur case fiscal starts from jan ends on dec. so next year will be ur new fiscal year this is reason that ur year shift is +1.

[Former Member]

Dear Pres,

Its not K4 ...its a customized variant.

I understand the K4 fiscal year and that ends on 31st Dec.

This one is ending on 29th Dec and also has 2 periods for march, 2 periods for June and so on.

Hiren

[Former Member]

HI,

WHEN THERE IS A DIFFERENCE IN THE PERIODS IN ACCOUNTING YEAR AND CALENDAR YEAR THEN ONLY THE YEAR SHIFT WILL COME . IF NOT HOW THE YEAR SHIFT WILL COME CHOOSE YOUR FISCAL YEAR VARIANT AS A CALENDAR ONE .

BUT AS YOU SAID YOU WANT TOTALLY 13 PERIODS AS ACCOUNTING YEAR. IT MEANS YOU WANT TO MAINTAIN TWO PERIODS FOR ONE MONTH OR WHAT

hOPE THIS CLEAR, IF YES ASSIGN POINTS, PROBELM REVERT ME

REGARDS,

SANKAR

[Former Member]

Hi Hiren

Fiscal year

Month Day period year shift

1 31 10 -1

2 29 11 -1

3 31 12 -1

4 30 1 0

5 31 2 0

6 30 3 0

7 31 4 0

8 31 5 0

9 30 6 0

10 31 7 0

11 30 8 0

12 31 9 0

Thanks

Ansuman

[Former Member]

Hi Hiren

My understanding is your fiscal year starts from February to January next year. Thats why the fiscal year variant is set up like this

thanks

ashok

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