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Reg. Closing of FI-GL accounting and Asset Year when FYV K4 (Jan-Dec) activated in leading ledger

Dear Experts,

We are implementing SAP S/4 Hana 1610 in one of our client having 2 co codes based on

USA and 3 co codes based on india.

Primary company based on USA,so for consolidation of financials purpose, we are creating single controlling area across company codes.

In this controlling area we have assigned operational chart of account,fiscal year variant as K4(Jan-Dec), currency type as 30-Group currency and currency is USD.

Now, at company code level, i have assigned company code currency as INR for indian company codes and company code currency as USD for USA company codes along with fiscal year variant as K4(jan-dec).

Now, in leading ledger(0L) , all the company codes having FYV as K4(jan-dec) so that when posting is happened in any company code , system will post the transaction based on FYV as K4.

E.g. if Posting date is 17.10.2017 then FY will be 2017 and period will be 10.

Now there is requirement to submit the financials based on fiscal year Apr-Mar for indian company codes so how we can do the same and how we can do the closing activity in indian company codes in fiscal apr-mar as we have adopted FYV as K4(jan-dec) in leading ledger.

if i am creating Non-leading ledger for the above requirement and activate this non-leading ledger for indian company codes and then i can assign FYV as V3(Apr-Mar) in to non-leading ledger so that posting will happen based on fiscal year Apr-mar in non-leading ledger,but when i am configuring new asset accounting and assigning the india base company code to chart of account , system will give the following error :

"Fiscal year variant in company codes 7000 having differing start date"

One more dout is that if i am running the payroll in SAP for indian company codes , posing in FI will happen based on calendar year(jan-dec) so in that case how we can generate the Form 16 for employees on financial year (Apr-Mar) basis.

Thanks & Regards,

shailesh

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1 Answer

  • Oct 17, 2017 at 11:40 AM

    if i am creating two controlling area each for FYV K4 and V3 respectively then in that case consolidation of financials is possible ??

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