Acceptance & Restriction of Fiscal Year in SAP

[Former Member]

hi

can you help me regarding the how many fiscal year a system allow to post , how many asset fiscal year and accounting fiscal year (OB52) allow to make a transection.

For example now i am in 2010 and i want to post the transection in 2007 and one more thing want to run the depn. for 2012. Will the SAP allow me to do the the above.

Here i want to know upto how many fiscal year will be restricted viceversa allow for the different business processess., say asset accounting, GL accounting, Controlling ETC.

Thanks

Prabin

Moderator: Please, avoid asking basic questions

[Former Member]

For FI point of view you can open as many years as you want,but for Asset Accounting you can only post for the current year and previous yesr

But in general nobody posts 2007 and run the depreciation for 2012

is there any business justification to run the depreciation for 2012

Thanks

Kameshwar Rao

[Former Member]

Hi,

There is no restriction from technical point of view to post in any fiscal year.

However as a business procedurre, you should keep only few periods open to enable the month endd and year end activities to generate the financial statements.

Generally for assets, current period and last period is kept open.

Regards,

Gaurav

[Former Member]

For asset accounting only 2 years can be kept open. This is a technical restriction.

Edited by: Jayaraman N on Apr 7, 2011 5:53 PM