Fiscal year variant V3 uFF0Cdo year end closing

Hello everyone,
I use the  Fiscal year variant V3(month 4 year *-month 3 year **+1) for the HK company ,and Dec. 2009 I did the year end closing, but I found that,the amount of GL Account balance carry of 2010 is not the cumulative balance of 2009,but just the balance of Dec. 2009;IN fs10n double click the balance carry of 2010, the detail is the cumulative balance of 2009.What can I do the amount of GL Account balance carry of 2010 will right?
Thank you for your answer.
Best Regards
Doris

Hi,
You can try carrying forward, GL, customer and vendor balances from the beginning.  There is no impact even if you execute again.
Best Regards,
Madhu

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  • FI Year End Closing

    hi...
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      1 Execute Report for InterCompany Activity & Journal Entries
      2 Open posting period for next yr
      3 Run Business Area's Assignment report.
      4 Review list of recurring journal entries
      5 Execute Recurring Entries for A/R, A/P, G/L
      6 Process Parked A/R, A/P, G/L accounting documents
      7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
      8 Run Depreciation in Test Run and post
      9 Verify Display Log for Depreciation Test Run
    10 Capitalize AUC Assets if needed
    11 Enter Payroll Data to SAP
    12 Verify Depreciation Balances  with GL balances
    13 Post Depreciation
    14 Execute Asset History Report, and retire assets if needed
    15 Adjust specific depreciation areas if necessary
    16 Reconcile AM subledger with GL
    17 Check Bank Data
    18 Review AR Open Items
    19 Review AP Open Items
    20 Execute Pending Invoices
    21 Clear Open Item for GRIR, freight
    22 Reconciliation of Financial Documents and transactional figures
    23 Open new CO Posting Period
    24 Compare current  (cost estimates) with last current price (Moving Avg)
    25 Update current cost price to material master price field.
    26 Process Freight charges, Match SD freight to actual
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    28 Settle All Orders
    29 Verify All Post Goods Issue have been Invoiced (Billing Due List)
    30 Review SD Billng Doc from prior mth that have not yet been released to accounting
    31 Reconciliation of MM movements in Transit Intra-SAP to NonSAP
    32 Reconcile PI Inventory with SAP
    33 Perform Manual Adjustment if needed
    34 Verify balance of the GR/IR account
    35 Post Accruals and Deferrals
    36 Clearing of Cancelled Documents
    37 Check Profitability Segment Adjustment
    38 Aging Report-Reconcile GL balances with  subledger  balances AP
    39 Check the check run numbers
    40 Bank reconciliation Data
    41 Enter Tax Journal Entry
    42 Reconcile GL balances with  subledger  balances AR/MM/AP
    43 Display Balance Sheet Adjustments
    44 Post Balance Sheet Adjustments
    45 Post Foreign Currency Valuation (foreign exchange)
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    48 Check Validation dates for Cost Centers, Cost Elements, CO area
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    50 Doubtful receiviables
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    52 Reconcile PA to G/L
    53 Post Cost Centre Assessments and Distributions
    54 Run CO-FI Reconciliation to balance
    55 Run BW reports P&L and Balance Sheet
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    59 Fiscal Yr balance carryforward FI
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    67 Close Prior A/R Posting Period
    68 Close Prior A/P Posting Period
    69 Close Prior MM Posting Period
    70 Reverse accruals and deferrals for the new month
    71 Reconciliation of Financial Documents from old fiscal year and new fiscal year
    72 Load Balances, Budget Data for Cost centers, sales
    73 Update Retained Earning Account , balance carry fwd
    Thanks & Regards
    Rekha Sharma

    Hi,
    Please check this
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    2 Open posting period for next yr (T.Code: OB52)
    3 Run Business Areau2019s Assignment report. (T.Code: F.50)
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    8 Run Depreciation in Test Run and post (T.Code: AFAB)
    9 Verify Display Log for Depreciation Test Run (T.Code: AFBP)
    10 Capitalize AUC Assets if needed (T.Code: AIAB, AIBU)
    11 Enter Payroll Data to SAP (T.Code: CAT2)
    12 Verify Depreciation Balances with GL balances ( T.Code: ABST2)
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    14 Execute Asset History Report, and retire assets if needed (T.Code: S_ALR_87011963, ABAVN)
    15 Adjust specific depreciation areas if necessary (T.Code: ABCO)
    16 Reconcile AM sub ledger with GL (T.Code: ABST2)
    17 Check Bank Data (T.Code: S_P99_41000212)
    18 Review AR Open Items (T.Code: FBL5N)
    19 Review AP Open Items (FBL1N)
    20 Execute Pending Invoices(T.Code: MRBP)
    21 Clear Open Item for GRIR, freight (T.Code: F.13)
    22 Reconciliation of Financial Documents and transactional figures (F.03)
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    26 Process Freight charges, Match SD freight to actual (T.Code: V-31)
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    35 Post Accruals and Deferrals (T.Code: FBS1)
    36 Clearing of Cancelled Documents (T.Code: F-03, F-32, F-44)
    37 Check Profitability Segment Adjustment (T.Code: KISR)
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    42 Reconcile GL balances with sub ledger balances AR/MM/AP ( T.Code: F.03)
    43 Display Balance Sheet Adjustments (T.Code: F.5F)
    44 Post Balance Sheet Adjustments (T.Code: F.5E)
    45 Post Foreign Currency Valuation (foreign exchange) (T.Code: F.05)
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    48 Check Validation dates for Cost Centers, Cost Elements, CO area (T.Code: GGB0)
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    50 Doubtful receivables (T.Code : F104)
    51 Verify In-transit Inventory
    52 Reconcile PA to G/L (T.Code: KE5U)
    53 Post Cost Center Assessments and Distributions (T.Code: KSU5 & KSV5)
    54 Run CO-FI Reconciliation to balance (T.Code: KALC)
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    67 Close Prior A/R Posting Period ( T.Code: OB52)
    68 Close Prior A/P Posting Period (T.Code: OB52)
    69 Close Prior MM Posting Period (T.Code: OMSY)
    70 Reverse accruals and deferrals for the new month (T.Code: F.81)
    71 Reconciliation of Financial Documents from old fiscal year and new fiscal year ( T.Code: FNSL)
    72 Load Balances, Budget Data for Cost centers, sales
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    Regards,

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    44     Post Balance Sheet Adjustments
    45     Post Foreign Currency Valuation (foreign exchange)
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    48     Check Validation dates for Cost Centers, Cost Elements, CO area
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    50     Doubtful receiviables
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    52     Reconcile PA to G/L
    53     Post Cost Centre Assessments and Distributions
    54     Run CO-FI Reconciliation to balance
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    59     Fiscal Yr balance carryforward FI
    60     Fiscal Yr balance carryforward PCA
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    67     Close Prior A/R Posting Period
    68     Close Prior A/P Posting Period
    69     Close Prior MM Posting Period
    70     Reverse accruals and deferrals for the new month
    71     Reconciliation of Financial Documents from old fiscal year and new fiscal year
    72     Load Balances, Budget Data for Cost centers, sales
    73     Update Retained Earning Account , balance carry fwd
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  • Fiscal year variants in co.code  have inconsistent start date.Msg no AC531

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    Hi,
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    The error is described in note 844029 :-                                                                               
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    finish dates. If you try to assign a fiscal year variant to an area,         
    whereby the fiscal year variant infringes this restriction, the system       
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  • Fiscal year variant- WK : posting date from 29 to 28

    Dear Gurus,
    Customer wants FI posting period starts from 29 to next 28, that is
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    period 2: Jan 29th ~Feb 28th;
    period 3: Feb 29th~March 28th
    period 4: March 29th ~April 28th
    period 5: April 9th~May 28th
    I created a new fiscal year variant, check year-dependant, uncheck calendar year .
    and it works when posting FI document, however, when posting good issue documents,
    system generates error message that material posting period is March and April.
    so I try to use MMPV to open posting period May, and still system doesn't allow to do that.
    Message as follows:
    Mode: Check and close period
    Client:500
    Period entered (month/year):052009
    Invalid period for company code 1000; no conversion here.
    Period closing complete; log issued.
    What should I do ?
    Thanks Gurus!
    Lynn
    E N D

    Hi,
    Firs check the current status of period in MMRV
    And use MMPV transaction and enter the following details -
    Company code - 1000
    Period - 03
    Fiscal year 2009
    Then
    Company code - 1000
    Period - 04
    Fiscal year 2009
    Now try to psot the entry.
    ~Thanks!
    Rajesh

  • Interpretation of Fiscal year variant

    Hello Experts,
    Ok, using the Tcode OB29, I could see the fiscal year variant K4, K6,  K7 as follows:
    Variant----Yr Dependent--Calendar Yr--Posting Periods----Special Per.
    K4----
    Unchecked----
    Checked----
    4----
    2        
    K6----
    checked----
    Unchecked-----4--
    2        
    K7----
    Unchecked----
    Unchecked-----4--
    2        
    In went into the details of the “Change View” of K6  and K7 and it shows:
    Month----
    Day----
    Period----
    Year Shift
    1----
    31----
    7----
    0
    2----
    28----
    8----
    0
    3----
    31----
    9----
    0
    4----
    30----
    10----
    0
    5----
    31----
    11----
    0
    6----
    30----
    12----
    0
    7----
    31----
    1----
    +1
    8----
    31----
    2----
    +1
    9----
    30----
    3----
    +1
    10----
    31----
    4----
    +1
    11----
    30----
    5----
    +1
    12----
    31----
    6----
    +1
    1. Can you help me interpret the second table and how it relates to the K6 row in the first table?
    2. In particular, I will appreciate some clarification on the Year shift and in the column period, why it started from 7; and why after 12, it switched to 1.
    4. Can you give a reason why in some cases K6 will be used while in others K7  or K4 will be used.
    3. Also, some help I’ve gotten so far were suggesting that to modify the variant I go to:
    AC Financials ® FI Financial Accounting  General Ledger Accounting ® FI - Closing and Reporting ® Fiscal Year.
    I could not find this instruction under BW. Was it some R3 instruction of BW?

    Hi,
    I believe the "year shift" column is meant for the non-calendar fiscal year.
    eg in a Calender year  
    Jan  Feb  Mar  Apr  May  Jun
    Fiscal year definition
    Period
    10   11   12   1    2    3
    Year Displacement
    -1   -1   -1   0    0    0
    It is just telling the system that when it is eg 21 Jan 2006, the fiscal year to be captured will be FY 2005.  When it turns 01 Apr 2006, the FY will be 2006.
    In your eg, it is following the logic that when it is 01 June 2006 the FY will be 2006. But when it turns 01 July 2006 the FY will be captured as 2007.
    By the way, the special periods are meant for capturing adjustment.
    For more information on the year shift, please see
    http://help.sap.com/saphelp_46c/helpdata/en/96/8b2fc843ce11d189ee0000e81ddfac/content.htm
    In BW, these are considered the basic settings, alongside with the currency definition.  Go into SBIW in BW to see the basic settings for currencies and fiscal variant defined.  Usually when the BW system is set up, these 2 settings will be read into the system as part of the initial configuration.
    Cheers,
    Gim

  • Fiscal Year Variant V3

    Hi Experts,
    I am using V3 Variant, ( I don't no how to maintain it ?)
    In OB52 I have Maintatined Periods from 1,2008 to 12,2010 and 13,2008 to 16,2010
    In MMRV, Current Period is 04,2008.
    I have checked Allow posting to previous period.
    Now, while doing MIGO
    I got the error
    Postings only possible in 03/2008 and 04/2008 only..
    I don't know the settings to maintain in V3 in OB29 Transaction.
    If any one can explain me this, it would be a great help to me.
    and if possible send a screen shot that how to maintain periods in V3 Fiscal Year,...
    Full Points Assured,
    Thanks
    Ravi

    Hi,
    Fiscal Year variant will define how many periods will be there in your fiscal year and their start and end date. (OB29)
    Posting period variant will help you to control in which periods user will be able to post a fianancial document. (OBBO & OB52)
    An enterprises main aim to generate profits from its operations,differnt countries have different accounting periods for reporting profit/loss and pay the taxes. This is a legal obligation to maintain books of accounts of the organization as per country specific accounting year. Therefore every organazation requires a fiscal year variant.
    Posting period : this to control/minimise the clerical mistakes of backdate and future date postings.
    Regards
    Rahim

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