2418833 - How to create a Fiscal Year Retrospectively - SAP Business ByDesign

It's required to create a fiscal year retrospectively, for instance for migration purposes. The system however only suggests the current or a future fiscal year in the task.

SAP Business ByDesign

1. In the General Ledger work center navigate to the Master Data - Set of Books and Assigned Companies view.
2. Select the respective company and press Edit Fiscal Years.
3. The current fiscal year has already been created, for example, fiscal year YYYY. But the requirement is to create fiscal year YYYY-1.
4. Press New Fiscal Year.
5. The system suggests the following fiscal year, YYYY+1.

By default, the system suggests either the current year or the next following future year when creating a new fiscal year. The Fiscal Year is, however, editable.

To create a fiscal year retrospectively, provided the company's validity starts in this fiscal year, just change the suggested fiscal year to the desired fiscal year:

1. In the Fiscal Year field, change the suggested fiscal year, i.e. YYYY+1, to the desired fiscal year, i.e. YYYY-1.
2. If the company is not valid for the whole year a warning will appear stating "Company XYZ is not valid in full duration of fiscal year ABC (i.e. YYYY-1)." XYZ means the Company ID.
3. Press Save and Close.

It's now possible to generate postings for this already past fiscal year, provided the initial migration start date of the company is during or before this fiscal year.

fiscal year; current fiscal year; prior fiscal year , KBA , SRD-FIN-GL , General Ledger , How To