How to Create Fiscal year variant in SAP

How to Create 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 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).

This blog provides a step-by-step guide on creating a year shift fiscal year in SAP.

Go to T code: SPRO.

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

Click on New Entries

Enter details like below.

Fiscal year variant (Give a new 2-digit alphanumeric code that hasn’t been created yet) and description.

Press enter button and select Fiscal year variant, then click on periods.

Click the “New Entries” button.

Note: Learn how to create Calendar fiscal year.

Here we are maintaining “Year shift fiscal year” (April to March). Enter details like below and click on save. User can also create any combination (Ex: July to June).

• 0 Current year periods.
• -1 Bringing periods to current year.

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

How to Create Fiscal year variant in SAP

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