oJAYo SAP training

Fiscal Year Variant in SAP

Definition Fiscal year :- Usually Fiscal year is a period of twelve months for which a company regularly creates financial statements and checks inventories. A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date

Fiscal year in SAP can be defined as Year dependent or Year Independent

1. Year independent – Same number and dates for the periods every year


2. Year dependent – Periods can be different from year to year

Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year. The fiscal year variant contains the number of posting periods in the fiscal year and the number of special periods. A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Steps to configure Fiscal Year Variant

Step 1 :- Enter Transaction Code “SPRO” in the SAP Command field and press enter

Step 2 :- In the next screen select SAP Reference Img

Step 3 :- In the next screen Display Img , follow the Menu path

• Menu Path:- SAP Reference IMG –> Financial Accounting –> Global Settings –> Fiscal Year –>Maintain Fiscal Year Variant

Step 4 :- In the next screen select New Entries to create Fiscal year

Step 5 :- New entries to Create fiscal year variant screen, update the following information.

1. FV – In the field Fiscal year variant FV enter the two digits unique code

2. Description – In the description field update the name of Fiscal year Variant

3. Year – Select the year-Dependent option if the Periods are different from year to year

4. Calendar yr – Select Calendar yr option if same number and dates for the periods of every year

5. Number of Posting periods – Update 12 in this field

6. No. of Special Periods – Update 4 in this field

After updating the required data and click on save icon

Step 6 :- Block Fiscal Year Variant AD and Double Click on Periods folder

Step 7 :- Select New Entries Button

Step 8 :- Maintain the Periods for the Fiscal Year

1. First Column – Month


2. Second Coumn – Day


3. Third Column – Period


4. Fourth column – Year Shift

After Maintain Fiscal Year Variant Periods, Click and Save icon.

Now, we have created Fiscal Year Variant.