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Chapter 1 ■ Customizing Organizational Structure in SAP ERP
Assign the Fiscal Year Variant to the Company Code
It is mandatory that you assign a fiscal year to a company code in SAP. Since you have defined or copied
your fiscal year variant, the next step is to assign it to your company code. It is also possible to assign the
standard fiscal year variant supplied by SAP in the system directly to your company code without having to
define your own fiscal year variant. Follow this menu path: IMG ➤ Financial Accounting (New) ➤ Financial
Accounting Global Settings (New) ➤ Ledgers ➤ Fiscal Year and Posting Period ➤ Assign Company Code to
a Fiscal Year Variant or use the transaction code OB37. You will then access the screen where you will assign
the fiscal year you have defined to your company code (Figure 1-20).
Figure 1-20. Assigning the company code to the fiscal year variant
The Change View “Assign Comp.Code -> Fiscal Year Variant”: Overview screen is displayed. To assign
your company code to your fiscal year variant, search for your company code by using the Position button
or using the scroll down arrow
and assigning your fiscal year variant as appropriate.
Enter C4 in the Fiscal Year Variant column or use the Search function to search for your fiscal year
variant (in this case, C4). Make sure that your fiscal year is entered into the Fiscal Year Variant column.
Click the Save button to save your fiscal year variant assignment.
■■Note
the system may issue a warning message that says, ‘No postings are possible without fiscal year,’ and
the Save button is suppressed. This normally happens when some company codes are not assigned a fiscal year
variant. If this happens, click the Enter button or press the Enter key on your keyboard several times until the Save
button is activated. Then save your work. The system will notify you on the status bar that your data was saved.
Opening and Closing Posting Periods
As mentioned previously, accounting transactions are usually assigned to periods. Posting periods are
defined in fiscal year variants. The benefit of defining variants to open periods is to avoid the problem of
posting accounting transactions to the wrong period. This is achieved by opening current periods and
closing all other periods. At the end of the current period, the period is closed and the next period is opened.
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