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Former Member

Start of new Financial Year

Dear Sir,

Kindly guide us about the various steps which need to be performed to start a new financial year .

We assure to give full points for the suggested solution pl .

Regards

Sonia Agarwal

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3 Answers

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    Former Member
    Oct 01, 2008 at 04:11 AM

    Hi,

    FINANCIAL ACCOUNTING AND GLOBAL SETTINGS

    1) Maintain Fiscal Year Variant (Maintain Shortened Fisc. Year) OB29

    2) Assign Company Code to a Fiscal Year Variant OB37

    Hope this helps you.

    Regards,

    MJ.

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    Former Member
    Oct 01, 2008 at 04:31 AM

    Hello Sonia,

    Fiscal year tells how many posting periods and how many special periods you need and how the system is to determine the posting periods when posting. When you define your fiscal year you should keep in mind whether it is

    - Calendar Year

    - Calendar year but is not year dependent

    - Non Calendar year but is year dependent

    Configuration: There are standard variants like K4, V3 etc you can copy and change the description and save it.

    1. Spro>FA>Fags>Fiscal year>Maintain fiscal year dependent (TC:OB29)

    2. Assign Co code to Fiscal year variant (TC:OB37)

    Thanks

    Para

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    Former Member
    Oct 01, 2008 at 04:32 AM

    Hi

    Yor requirement is not clear as to whether you want to open a new fiscal year for posting in your company code or you want the list of activities to be done before opening a new fiscal year.

    Regards

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