Fiscal year change

[Former Member]

Dear Friends Good Evening,

I am using fiscal year V3( april to march) Can i change fiscal year to K4( jan to Dec)? is it possible?

Thanks in advance.

[Former Member]

Thank to all

I got the answer

[Former Member]

Hi Mallika,

We have a similar requirement. Could you please post the detailed steps about how you achieved it.

My situation is we are using Fiscal Year : Okt - Sep and we want to change it calendar year Jan -Dec. So, Oct - Sep16 is Fiscal Year 2016, Oct - Dec16 is shortened Fiscal Year 2017.

The problem here is, Jan-Dec17 is Fiscal Year 2018. It is shifted by +1. Should we use SAP SLO services, How did you do in your case?

if required I can give you my emailId. Many thanks in advance for your reply.

Thanks,

Narendra

[Former Member]

HI

If you are mid in fiscal year see my comment:

you are in the midst of closing all their books, it is very dangerous to change the FY variant , because there will be inconsistency within this FY, so if you really want to change the FY variant, then you could consider to change it after the year end closing by using a shorted period variant.

And before changing it, it is also necessary to check the consistency between MM/SD......... .

so it is more safe if you could create a new non-leading ledger and assign another FY variant in the beginning of next year. if you create a non-leading ledger in the midist of this year, then only the new posted data in the futuer could be updated into this new ledger.

Thanks & Regards

Phaneendra

[Former Member]

Hi,

If you want you can change fiscal year but standard SAP not suggest to change middle of the year.

you can change fiscal year middle of the year, some documents showing old variant and some documents in new variant.

Use short end fisacl year for remaining months and next year onwards you can follow K4 accordingly.

Thanks & Regards,

Haribabu Bodapudi

[Former Member]

Hi,

Are you testing it/ is it your client requirment, if yes then they need to have a correct solution for changing the fiscal year.

SAP system will technically allow any thing.

Regards,

Padma

[iklovski]

Hi,

Yes, it's possible; just secure the consistency with Controlling area and Assets accounting.

Regards,

Eli

[Former Member]

Hi Mallika,

Yes you can change to K4 but the thing is you need to introduce a short end fiscal year in between i.e., from April to december.

Lets suppose right now we are in calendar year 2009 and month July.

where as your system will show period as 4 and fiscal year as 2009 as you are using V3 fiscal year variant.

From now you need to wait till this fiscal year ends i.e, up to march 31st 2010.

After that you need to introduce a short end fiscal year which will be a year head to the fiscal year.

In simple words,please check here

1. April 1st 2009 to March 31st 2010....Fiscal year variant V3....Fiscal year will be 2009.(All the closing balances needs to be carry forwarded to Fisacl year 2010)

2. April 1st 2010 to December 31st 2010...Short end fiscal year...Fiscal year will be 2010.

3. Jan 1st 2011 to December 31st 2011...New fiscal year variant K4 can be used...Fiscal year 2011.

Note: You need to take care of lot of other parameters which i havent covered here point by point.

[Former Member]

Hi,

Before changing the fiscal you need to close all records pass all closing entries. Then you can go ahead with new fiscal year.

Regards,

Srinivas muthyala