| Setup FI Fiscal Year Period
The client wants fiscal year to be set from May 1 –
April 30 but they use a 4,4,5 accounting period setup meaning that every
month end on the last Friday of the month. I am setting for 2006-2007.
As you know, the FYV should be year dependent, so how can the periods be
set up.
In IMG go to financial accounting global setting then
go to fiscal year variant and set the fiscal year variant on year dependent
year and follow the following procedure:
1. enter name of month started from may and end
on april
2. enter the number of days in a month you want
to close for example in may number of days is 28 instead of 31
3. enter period from 01 to 12 started from may
to april
4. enter -1 against the month from jan to april
For Example :
Month Number
of Days Period
Year Shift
May06
28
01
0
June
35
02
0
July
28
03
0
Aug
28
04
0
Sep
35
05
0
Oct
28
06
0
Nov
28
07
0
Dec
35
08
0
Jan07
28
09
-1
Feb
28
10
-1
Mar
35
11
-1
Apr
31
12
-1
Tips by Sharif Khaliq
Fast Links:
Year End Closing
Check
List for FI Year End Closing
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