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author's profile photo Former Member
Former Member

Shortened Fiscal Year

Hi ,

I want to know when changing from your current fiscal year variant to a shortend fiscal year variant do you change your crrent fiscal year variant to be a shortened fiscal year variant?

And if so what changes should I make?

Hope you can help.

Thank You

Jan Breet

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    author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 01:24 PM

    Hoi Jan,

    We created a new fiscal year variant.

    You have to assign this to the company code, controlling area. In asset accounting you have to say if you do in the shorted fiscal year for 1 year depreciation or not.

    I hoop only that you don't have created postings in these periods

    On SAP notes you can found a lot of information.

    Paul

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    • Former Member Former Member

      Jan Breet,

      Step 1: Maintain a fiscal year variant (year dependent) or create one

      Step 2: Maintain values in the shortened fiscal year section (period 1 to 4)

      Step 3: As far as July 08 to June 09 goes select another variant which is neither calendar year nor year dependent. In other words do not check the boxes in both columns.

      Step 4: Maintain period values for this variant

      trust this solves your query...If yes...pl. assign points

      regards

  • author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 01:24 PM

    Hi

    Shortended Fiscal year means periods less than 12 perionds

    why u have to switch to shortend fiscal year? once fiscal year configure as per rules its not changeble but u have to open and clsoe the period

    some instance example client sap implementation at the middle of fiscal yeat at the time only it is advisable

    Regards

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 01:27 PM

    Hi,

    Shortened Fiscal Year is year dependent you have to declare in OB29.

    Regards

    Sarma BH

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