Fiscal Year Variant:

1. Calendar fiscal Year: We will consider business from Jan to Dec (K4 – Standard)
2. Non-Calendar fiscal Year: We will consider business from Apr to Mar (V3- Standard)

Special posting periods: Special posting periods are defined in sap to record these adjustment entries
for year-end closing. When you define it as 4 in a fiscal year variant, sap divides the last month i.e. the
12th one into 4 parts. It does not mean that you cannot record transactions to the last month.

Creation of user settings starts with Y or Z because SAP update it settings except Y and Z

1. Creation of fiscal year variant OB29

Create your own fiscal year variant (Non-Calendar Year) and click on created variant and
click on periods for mention periods. Year shift indicates if a fiscal year of the posting period
is different to the calendar year (-1 or +1)
2. Assign company code to FYV OB37
FY2020
2020 2021

APR MAY JUNE JULY AUG SEP OCT NOV DEC JAN FEB MAR
0 0 0 0 0 0 0 0 0 -1 -1 -1