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can we maintain two fiscal year variants for one company
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Answer Posted / ashikch
We cannot directly assign two fiscal year variants toa company code but we can get similar functionality if needed.
The functionality can be attained using ledger group. In ledger group assign 2 different ledgers to 2 different fiscal year variants and then you can get similar functionality. But, opening and closing periods will happen for only for leading ledger and for system to check for non-leading ledgers too the following configuration must be done!
If you want the system to determine and check the fiscal year variant and the posting periods of the non-representative ledgers independently of the representative ledger, set the Manage Posting Period indicator in Customizing for Financial Accounting (New) under Financial Accounting Global Settings (New) ® Global Parameters for Company Code ® Enter Global Parameters. In addition, define the differing posting periods and the differing fiscal year variants for the relevant ledgers under Financial Accounting Global Settings (New) ® Ledgers ® Ledger ® Define and Activate Non-Leading Ledgers. The system only makes the posting in this case if the posting period is open for all ledgers of the ledger group.
Now, you can attain the functionality of 2 fiscal year variants for a company code.
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