Tag Archives: OB29

Define Fiscal Year Variant | OB29

SAP Configuration - Define Fiscal Year Variant

After we already created a company and company code it is time to move on fiscal year, posting period variant and chart of accounts configuration before step in to creating controlling area. Fiscal year variant is used for ensuring the correct period posting of the accounting documents . Fiscal year could be based on the calendar year as well as based on your needs, e.g April-March. The periods could be 16 in total where 12 are equivalent to the calendar months of the year, but the remaining 4 could be used for the year-end closing activities.   Transaction: OB29 IMG Path: Financial Accounting …

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