Fiscal Year Variant

The fiscal year variant determines the posting periods to be used by your client’s company. As the name implies, it should be configured to match your client’s fiscal year. The fiscal year variant is very flexible and can be configured to match any organization’s fiscal calendar.

SAP allows a maximum of 16 posting periods each fiscal year. The 16 periods normally comprise 12 regular posting periods and four special posting periods, which can be used for such things as posting audit or tax adjustments to a closed fiscal year. Having four special posting periods gives you a lot of flexibility; you may want to use one special period for each quarterly and year-end audit and/or tax adjustment. When you close a period or year in ...

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