can we maintain two fiscal year variants for one company
code
- 4 Answers
- 14737 Views
- I also Faced
- E-Mail Answers
Answer Posted / ashikch
We cannot directly assign two fiscal year variants toa company code but we can get similar functionality if needed.
The functionality can be attained using ledger group. In ledger group assign 2 different ledgers to 2 different fiscal year variants and then you can get similar functionality. But, opening and closing periods will happen for only for leading ledger and for system to check for non-leading ledgers too the following configuration must be done!
If you want the system to determine and check the fiscal year variant and the posting periods of the non-representative ledgers independently of the representative ledger, set the Manage Posting Period indicator in Customizing for Financial Accounting (New) under Financial Accounting Global Settings (New) ® Global Parameters for Company Code ® Enter Global Parameters. In addition, define the differing posting periods and the differing fiscal year variants for the relevant ledgers under Financial Accounting Global Settings (New) ® Ledgers ® Ledger ® Define and Activate Non-Leading Ledgers. The system only makes the posting in this case if the posting period is open for all ledgers of the ledger group.
Now, you can attain the functionality of 2 fiscal year variants for a company code.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is sap fico?
Name the sub modules within fi, from which fi-gl gets simultaneous postings? : fi- general ledger
What is a 'value field' in the co-pa module?
How does the system identify a posting period?
What is an asset explorer? : fi- asset accounting
What is depreciation? Explain the various types? : fi- asset accounting
Define cost center accounting (co-om-cca)? : co- cost center accounting
What is the sap linuxlab?
What are the common reasons for errors in accounting?
What is a local currency?
What is the importance of good received/ invoice received clearing account?
Explain automatic account assignment in sd? : fi- accounts receivable
At the time of sap implementation what are the basic details required by CO guy, SD, MM, and PP guy from a FI guy...?
If Document posted in one fiscal year can it posted in Next Fiscal year?
What are all the major components of a chart of accounts?
