A Complete Guide to Enterprise Structure in SAP FI/CO

This document covers the required steps of configuration for the SAP FI/CO enterprise structure. You will find definitions and step-by-step guide to customizations with IMG paths and screenshots provided. See content below:

  • Definition of Company, Company Code, Fiscal Year, Account Groups, Chart of Account, Normal posting period, Special posting period, Posting Period Variant, Fiscal Year, Fiscal Year Variant, Document Number, Field Status Variant, Tolerance Groups for Employees,
  • Customization / Configurations steps to Define Company, Define Company Code, Assignment of Co. Code to Company, Maintain Fiscal Year Variant, Assign Co. Code to Fiscal Year Variant , Define Variants for Open Close Posting Periods, Open & Close Posting Periods, Assign Posting Period Variants to Company Code , Document Number Ranges , Defining Document Types , Defining Maximum Exchange Rate Difference per Company Code, Maintain Field Status Variants, Define Tolerance Groups for Employees, Assign Co Code to Chart Of Account, Maintain Controlling Area.

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Configuration Guide to Fiscal Year Variant and Posting Periods in SAP APO

In this guide author explains business terminologies of Fiscal Year, Posting periods and guides how to configure Fiscal Year Variant with Posting Period in SAP APO Forecasting and Replenishment Planning. Highlights from the documents is as:

  • Business Case – Need for Fiscal Year Variant
  • APO Configuration for Fiscal Year Variant (OB29),
  • APO Demand Planning Overview
  • Fiscal Year Variant Setup for APO DP
  • DP Planning Book: Data in Posting Periods
  • Forecasting in Demand Planning with Posting Periods

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Fiscal Year Change Activities in SAP

This document describes fiscal year change activities for SAP R/3 3.1, 4.0, 4.5, and 4.6; SAP R/3 Enterprise; mySAP ERP 2004; SAP ERP 6.0 and SAP ERP 6.0 enhancement package 1, 2, 3, and 4. Following topics covered in detail:

  • Fiscal Year Change Activities in Logistics
    • Defining Fiscal Year
    • Posting to Previous Period
  • Fiscal Year Change Activities in Accounting
  • Year Change Activities in HR
  • Factory and Holiday Calendars

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Changing Asset Management Fiscal Year

A change in the asset management fiscal year is required to open asset postings for the new year. Therefore, this transaction is an integral part of the Year-end Close procedure in asset management. The program prepares the database to accept records for the new year.

From the point of view of the system, a fiscal year change is the opening of a new fiscal year for a company code. At the fiscal year change, the asset values from the previous fiscal year are carried forward cumulatively into the new fiscal year. Once the fiscal year change takes place, you can post to assets using value dates in the new fiscal year. At the same time, you can continue to post in the previous fiscal year.

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A Complete SAP FICO User Guide

This is a comprehensive FI/CO User Guide which you will also find detailed step by step procedures for the topics of Accounts Payable, Accounts Receivable, Bank & Cash Transactions, Fixed Assets, Country India Version ( TDS , Service Tax , Excise, Sales Tax ), MM Integration, SD Integration, Reversals & Editing Documents, Reports & Balances, Dunning Process, Controlling & Costing, Month End Activities, Year End Activities, Planning, Travel Management, Investment Accounting, Tips for Effective Usage of SAP and so on..

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Important SAP Procedures for New Fiscal Year

Take a look at these basic procedures for new fiscal year in a SAP system. Familiarity of these procedures is more advantageous. These procedures should be done inorder to post transactions in the new fiscal year; thus, avoiding any error during transaction entry.

1. Open and Close Posting Period – In this procedure, you close and open period/fiscal year. There are two (2) intervals available, from period 1 to period 2. For each interval, set a lower limit, an upper period limit, and the fiscal year.

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