Understanding Fiscal Year Variant in SAP Tcode: A Comprehensive Overview

Fiscal Year Variant In Sap Tcode

This article provides an overview of the SAP Tcode for Fiscal Year Variant, explaining its significance and functionality. The focus is on understanding how this variant is utilized in SAP systems to manage financial data according to specific fiscal year structures. By exploring the features and benefits of this Tcode, readers will gain a better understanding of its role in effectively managing fiscal year-related processes within SAP.

Fiscal Year Variant in SAP Code

The Fiscal Year Variant in SAP is a designated time period used for financial reporting within an organization. It consists of 16 posting periods, including 12 regular periods and 4 special periods. These special periods are specifically intended for year-end activities. To define the Fiscal Year Variant, one can use the T.Code – OB29 within the CO (Controlling Component) module of SAP.

T code for fiscal year variant in India


– Special periods serve a specific function in facilitating year-end activities.

– The T. Code – OB29 is essential for handling the Fiscal Year Variant.

Configuring Fiscal Year Variant in SAP Tcode: A Step-by-Step Guide

Step 2: On the Change View “Fiscal year variants”:Overview screen click the New Entries button.

Step 3: In the New Entries section, make changes to the specified fields on the screen.

1. FV: You can assign a custom name to the fiscal year variant for the posting period, such as FT.

2. Description: Provide a description of the fiscal year variant used by your company, like April to March with 4 special periods.

3. Number of Posting periods: Determine the number of years for which you will be recording entries.

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4. Number of Special periods: Specify how many years you want to allocate for special entries, with a maximum limit of 4 years. Special periods are primarily used for adjustment entries, such as rectifying missing or incorrect entries at the end of each year.

Once you have entered the necessary information, click on the Save button to create your Fiscal Year Variant successfully.

Click on the checkmark icon located in the View Cluster Editing: Initial Screen.

Step 4 : Go back to the Change View “Fiscal year variants”: Overview screen and press the Position button then Another entry screen appears where you type the name of the Fi Year Variant you created as FT and press the tick button

You can now view the fiscal year variant that you have created in the list.

Using OB29 in SAP: A Step-by-Step Guide for Indian Users

To create a new fiscal year variant in SAP, follow these steps. First, click on the “New Entries” button. This will allow you to create a new variant for your fiscal year. Fill in all the required information in the fields provided. If your fiscal year does not align with the calendar year, click on “Periods”. This will enable you to define specific periods for your fiscal year.

After filling in all the necessary details, save your entry by clicking on the appropriate button. Once saved, you need to mark the row corresponding to your newly created variant and double-click on “Periods”. This action will allow you to further customize and specify individual periods within your fiscal year.

Steps to define posting period:

Once the Fiscal Year Variant has been established, it is necessary to specify the posting period.

First, go to the “Fiscal year variants” section on the Display View. From there, choose the FT fiscal year variant that you have previously created and click on the Periods button.

Step 2 : On Change View “Periods”: Overview screen select New Entries button to make entries for the period of fiscal year variant.

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Step 3: Next, modify the specified fields on the screen labeled “Overview of Added Entries” in order to update them.

Since our posting period does not follow the calendar year, we utilize a 12-month period starting from January to December. We then specify the number of days in each month, such as 31 days in the first month, January.

In the SAP system, when our fiscal year begins in April, we consider it as the first month of the period. This means that for accounting purposes, April is designated as the first month. Similarly, when determining the year for January, February, and March, we consider them to belong to the previous year. However, from April to December, these months are considered part of the current year. Therefore, there is a shift in years where January through March have a -1 designation while April through December have a 0 designation.

For example, suppose if we are making entries for the posting period 2021 then we take the 4th-month April 2021 as the 1 month for our posting period that’s why the year shift is 0 and 1st month January as the 10th month of the posting period 2021 and year shift is -1.

The table displays the month, day, period, and year shift values for each month in a fiscal year variant. The year shift indicates whether the fiscal year starts in the previous calendar year (-1) or the current calendar year (0).

Click on the save button to store your changes. On the screen that asks for customization request, click on the checkmark button to confirm and successfully post periods for the Fiscal Year Variant.

How to locate the fiscal year in SAP?

To determine the fiscal year variant in SAP, follow these steps:

1. Go to transaction code OB29.

2. Check the variant assigned to your company code.

3. This will help you identify whether your fiscal year is based on a calendar year or is year dependent.

4. You can also find information about the number of posting periods and special periods by clicking on the “Periods” folder.

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5. Additionally, check which month SAP considers as the start of period one.


– Determine the fiscal year variant by accessing T-code OB29.

– Verify if your fiscal year follows a calendar or is dependent on a specific timeframe.

– Find out how many posting periods and special periods are available for your company code.

– Click on the “Periods” folder to discover when SAP starts counting period one.

What does the SAP fiscal variant K4 refer to?

2. If your company has a non-calendar fiscal year (different start/end dates), you must configure a custom fiscal year variant in SAP.

3. The chosen fiscal year variant affects how financial data is organized and reported within SAP, ensuring accurate record-keeping and facilitating meaningful analysis for informed decision making

Using T code MB5L: How can it be utilized?

P.S: It is essential for organizations using SAP to utilize transaction codes like MB5L effectively as they provide crucial insights into stock balances and values. By considering factors such as exchange rate differences and maintaining consistent currencies across transactions, businesses can optimize their inventory management practices and enhance overall operational efficiency.

The SAP fiscal year: What is it?

A fiscal year is divided into posting periods . Each posting period is defined by a start and a finish date. SAP allows a maximum of 16 posting periods in each fiscal year. It consists of 12 regular posting periods and 4 special periods which can be used for audit or tax adjustments to already closed periods.

Running FSV in SAP: How can it be done?

Step 1: Open the SAP system and navigate to the command field. Enter transaction code “OB58” and press enter.

Step 2: The screen will display the “Financial Statement Versions” overview, showing a list of standard versions available.

Step 3: On the new entries screen, make necessary updates by entering relevant details.

Step 4: After updating the required information, click on “Save” to save your changes.