How do you maintain fiscal year variant in SAP FICO?
Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Fiscal Years → Maintain Fiscal year variant → Execute. It will open the following window. Click New Entries and it will open a new window as shown below. FV − Enter 2-digit Fiscal year.
What is the code to maintain the fiscal year variant?
Path: Financial Accounting >> Financial Accounting Global settings >> Fiscal Year >> maintain Fiscal year variant (maintain shortened fiscal year) Transaction Code: OB29.
What is year dependent fiscal year variant in SAP FICO?
You can define a year-dependent fiscal year variant. This is a fiscal year variant that only applies to a specific calendar year. To do this, select the field Year-dependent when you define your fiscal year variants. You then have to enter the period ends, defined by month and day limits, for each calendar year.
Can we maintain different fiscal year for asset accounting in SAP?
You can use a fiscal year variant in Asset Accounting that is different from the fiscal year variant used in Financial Accounting. However, it is absolutely necessary that the start and end date be the same in Financial Accounting and in the Asset Accounting subsidiary ledger.
What is SAP OB52?
OB52 – Maintain posting period control through authorization group. Requirement is to use the concept of Authorization Group in posting period Variant and restricting the. access of posting period 1 to limited user who is defined in the authorization group.
What is SAP OB29?
Define Fiscal Year Variant | OB29
Fiscal year variant is used for ensuring the correct period posting of the accounting documents . Fiscal year could be based on the calendar year as well as based on your needs, e.g April-March.
What are the types of fiscal year variant in SAP?
How many types of Fiscal Year variants
- Year dependent F.Y: The start date and end date is different year to year.
- Year independent F.Y: The start date and end date are same.
- Calendar F.Y: It starts first day of the year and ends last day of the year.
- Shortend F.Y: This fiscal year has fewer normal periods.
What is independent and dependent fiscal year?
Year independent- If your month end /year end is as per calendar month / year , i.e. 31st jan , 28 feb – 31st dec, then it is year independent. Year dependent – If your month /year end is different than calaneder month/year , i.e. weekly, 15th jan to 14th feb ,every friday is the month end etc.
What does Ajab do in SAP?
AJAB (Year-End Closing) is a standard SAP transaction code available within R/3 SAP systems depending on your version and release level.
What is the use of FB50 in SAP?
Transaction FB50 allows for the creation of journal vouchers (an accounting document made up of only line items) within the G/L module.
What is the use of OBYC in SAP?
Configuration transaction OBYC creates the core of SAP’s Integration between the MM, FI, and Controlling (CO) modules in a traditional SAP ERP system. Transaction keys(1) are used to determine general ledger accounts used by the system.
How many variants are there in SAP FICO?
The variant principle there is 3 variants. They are 1. fiscal year variant 2. posting period variant3.
What does K1 mean as a fiscal year variant?
A fiscal year is the accounting period, which normally spreads over 12 months. Financial statements are drawn for a fiscal year. The fiscal year, in SAP, is defined as a Fiscal Year Variant. All Calendar Year Fiscal Year Variants, in standard SAP, are denoted usually as K1, K2, etc.
What is the use of AJRW in SAP?
AJRW- Asset Fiscal year change
AJRW carries the balances to the next year. You cannot post to the next year without running AJRW. 1-Enter the company code(s) for which you want to close the fiscal year.
How do you change fiscal year in SAP?
SAP Easy Access Menu: Accounting → Financial Accounting → Fixed Assets → Periodic Processing → Fiscal Year Change (AJRW) – Refer screenshot below:
- Process flow.
- One should not post any business transactions in a new Fiscal Year before the Fiscal Year change is taken up.
What is the difference between FB50 and fb50l?
● You cannot post to tax accounts directly. FB50- It si a transaction till 4.7 version for posting a document in GL. With this function, you post to all ledgers in your General Ledger Accounting. Hope I had been able to help you.
What is the difference between FB50 and F 02?
FB50 allows for posting which involves direct postings to GL accounts only. as well as it gives the user the flexibility to enter the posting keys. Hence F-02 allows direct as well as indirect postings to the GL accounts.
What is VKOA setting in SAP?
General in VKOA is used to determine G/L accounts based on Condition type for account determination, Chart of Accounts and Sales Organization since you know that while invoice posting system will use account determination types in order to track G/L accounts to which amount has to be posted.
What is BSX and WRX in SAP?
BSX and WRX are transaction event keys, these are used in automatic account determination when you will do goods receipt. When you will do goods receipt for stock material two postings will happen. BSX- stock posting (debited)+ WRX-GR/IR clearing account(credited)- When you are posting the invoice.
How do you delete a fiscal year variant in SAP?
Go to the General Ledger work center. In the Master Data view, select the Companies subview. Select the respective company and press Edit Fiscal Year. Select/highlight all the fiscal year(s), for which you intend to change the fiscal year variant, and choose Delete Fiscal Year.
What is special period in SAP FICO?
Special periods subdivide the year-end closing period. They therefore merely divide the last posting period into several closing periods. This enables you to create several supplementary financial statements. A fiscal year usually has 12 posting periods.
What is the use of Ajab in SAP?
AJAB is a transaction code in SAP FI application with the description — Year-End Closing. On this page, you will find similar/related TCodes to AJAB, Tables feeding data for this TCode, links to SAP documentation, Wiki and Help pages, discussion threads, and other resources.
What is the use of F 07 in SAP?
The SAP TCode F-07 is used for the task : Post Outgoing Payments. The TCode belongs to the FIGL package.
How do I change my fiscal year?
So it’s a three step process.
- Execute AFAB for the normal depreciation run.
- Post the unplanned depreciation for the additional fiscal year period.
- Re-run AFAB for the period using the “Repeat” mode.
What is AJRW?
AJRW (Fiscal Year Change) is a standard SAP transaction code available within R/3 SAP systems depending on your version and release level.