How to create Calendar fiscal year variant in SAP

How to create Calendar fiscal year variant in SAP, using T code: OB29.

Explanation: In SAP, a fiscal year variant is a configuration that allows companies to maintain their transactions within a specific year. It should starts from Jan-01 and ends with 31-Dec. It typically consists of:

• 12 Normal Periods: Representing the standard 12 months of the year.
• 4 Special Periods: Used for making adjustment entries for closed fiscal years.

Types of Fiscal year variants:

• Year shift fiscal year: contains 12 periods ex: Apr to Mar (year starting from one month in present year and ends before month in next year) shifting to next year(Jan to Mar).
• Calendar fiscal year: Year started from Jan-01 and ends with 31-Dec.
• Year dependent fiscal year: Fiscal year variant that only applies to a specific year, will not be apply for future years.
• Shortened fiscal year: If the business continues less than 12 months within a year (ex: if the business closed permanently in middle of the year and period of operations are less than 12 months then we use shortened fiscal year)

SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Fiscal year -> Maintain Fiscal year variant – Click on Execute.

Click on New Entries.

Enter details like below.

We don’t need to maintain periods, as it follows a standard calendar year structure. So click on save directly.

Note: But for other Fiscal year variant types: Periods must be defined, as these variants may have non-standard fiscal year structures.

Now click on save

Customizing request popup will come, select your request and click on continue.

Now we need to Assign the fiscal year variant to Company code.

Table information: Which SAP table, Fiscal year variants will be stored in…

Table Name	Description
T009	Fiscal year variant

Other contents you may like in SAP:

Enterprise structure:

• Define Company Or trading partner in the SAP: Click here
• Define Company code in SAP: Click here
• How to Assign Company code to Company in SAP: Click here
• Define Fiscal year variant in SAP: Click here
• Assign Company code to fiscal year variant in SAP: Click here
• Define Posting period variant in SAP: Click here
• Open and close posting periods in SAP: Click here
• Define field status variant in SAP: Click here