Fiscal year variant and its use in SAP

Fiscal year variant (FYV) contains the definition of posting periods and special posting periods. When a business transaction is entered, it needs to be posted to a particular period. Determination of such period of posting is defined in FYV. In the process you have to first define a FYV based on your requirements and then … Read More » "Fiscal year variant and its use in SAP"

Defining Fiscal Year Variant in SAP FICO Module

Fiscal Year variant in SAP or known as FY Variant, is used at the client level and assigned back to the company code. It’s divided into posting periods and each posting period is defined by a start and finish date. In addition to the posting period, you can also define special periods for period end … Read More » "Defining Fiscal Year Variant in SAP FICO Module"