Maintain Fiscal Year Variant

Fiscal year variant is the time period during which financial statements are withdrawn
for a company. Different companies have different fiscal years. Fiscal year variant can
be maintained by following the steps given below.

Path to Maintain Fiscal Year Variant

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year

and Posting Periods ⇒ Maintain Fiscal Year Variant
TCode: OB29
Step 1 − On the Display IMG screen, select Maintain Fiscal Year Variant by following
the above path.

Step 2 − Click New Entries.

Step 3 − Provide the name of the fiscal year variant along with the description and
number of posting. Click on Save. A new Fiscal Year Variant will be created.
Assign Company Code to Fiscal Year Variant
Follow the steps given below to assign company code to the fiscal year variant.

Path to Assign Company Code to Fiscal Year Variant

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year

and Posting Periods ⇒ Assign Company Code to Fiscal Year Variant
TCode: OB37
Step 1 − On the Display IMG screen, select Assign Company Code to Fiscal Year
Variant by following the above path.
Step 2 − We can view the existing assignment and change it accordingly. Click on
Save. Fiscal Year Variant is now assigned to company code.
Define Variants for Open Posting Periods
Follow the steps given below to define variants for open posting periods.

Path to Define Variants for Open Posting Periods

Financial accounting ⇒ Financial Accounting Global Settings ⇒ Ledgers ⇒ Fiscal Year

and Posting Periods ⇒ Posting Periods ⇒ Define Variants for Open Posting Periods
TCode: OBBO
Step 1 − On the Display IMG screen, select Define Variants for Open Posting Periods
by following the above path.
Step 2 − Click New Entries.
Step 3 − Enter the name of the variant. Click on Save. A new Variant will be created
for open posting periods.