Financial Year Wrongly defined in SAP-B1

Hello Experts,
In SAP-B1, We have Wrongly defined Financial year i.e(01 January 2011to 31 Dec2011) Instead of (01 April 2011 to 31 March2012). Now, System not allow to chnage the financial year, because the end date automatically gets disabled.
I have tried two solutions for this as bellow,
1)Tried to end this 2011 year by extending the year by (01 Jan-2012 to 31 March 2012), but it fails because end date automatically become 31 Dec2012 and get disabled When i enter start date 01 Jan 2012.
2)Then, I tried to Close this year by defining new financial year as (01 April 2011 to 31 March 2012), but it gives error as, 'Financial year Overlaped'.
Please, hepl me for this problem and provide solution. it is very urgent.

Hi suhas,
Welcome To SAP Community Network Forum
You have to create new period From 01-Jan-2012 To 31-Mar-2012 with Sub period define with month and No of period define 3.
Thanks,
Srujal Patel

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Best practice to have or to start a new financial year

Can any one please suggest a best practice to have or to start a new financial year (FY2009-2010) in SAP B1 2007 B for a trading company started on FY2008-2009 for India?

hi,
Check this links
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Requirement for next fiscal year
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How to define financial year to start in November and end in October

Hi,
I am trying to build a report with following columns
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Filter on Year==2010
The above measures
YTD=Year to date rooms
LY YTD = Last Year Year To Date Rooms
The results would be
AF, Jan-10, 300, 350
AF, Feb-10, 200, 280
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How can set the Year to be from november to October with a timestamp function?
Thanks and Regards
Giuliano

Here's an idea you might want to try in the Presentation Layer base solely on what you shared so far:
Assuming that the report will always be run in the "current year" as you have in your example, than this should work:
1) Put a dummy column in your report with this CASE statement:
CASE WHEN Table.Month ((LIKE 'JAN%' OR Table.Month LIKE 'FEB%' OR Table.Month LIKE 'MAR%' OR Table.Month LIKE 'APR%' OR Table.Month LIKE 'MAY%' OR Table.Month LIKE 'JUN%' OR Table.Month LIKE 'JUL%' OR Table.Month LIKE 'AUG%' OR Table.Month LIKE 'SEP%' OR Table.Month LIKE 'OCT%') AND (Table.Year = CURRENT_YEAR)) OR ((Table.Month LIKE 'NOV%' OR Table.Month LIKE 'Dec%') AND (Table.Year = CURRENT_YEAR - 1)) THEN 1 ELSE 0 END
Put a filter on this column and set it to 1.
2) Add another filter on CURRENT_YEAR and CURRENT_YEAR -1.
NOTE: In my example, CURRENT_YEAR is a repository variable you should have (name could be different, but it should be in number format).
The way this works is that the second filter filters your report overall on all data for "this year" and "last year." The first filter works with the data within this potential two-year period. Within this time frame, you want the data, for the months of Jan - Oct, where the year = current year and (which in logic, uses the logical operand "OR"), you want the data for the months of Nov - Dec when the year = current year minus 1. This filter will filter out Jan - Oct of "last year" and Nov - Dec of "this year," leaving you with the time period you are looking for.
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SYST Period 012 is not valid in financial year variant R2 Msg no;FGV003

Hi SAP Gurus,
I have encountered with an error as following :
SYST: Period 012 is not valid in financial year variant R2
Message no. FGV003
Our client following calendar year till December 2009. They want to change to April to March , from April 2010 . So we need to define a shortened fiscal year for January to March 2010 for 3 months.
One important thing is Depreciation should be calculated only for 3 months ie., from January 2010 to March 2010 for year 2010. For year 2011 u2013 April 2010 to March 2011 be calculated.
I have done the following settings :
Current fiscal year variant = K4, i.e. the standard variant with 12 periods (calendar year)
-the current fiscal year must be closed on 31.12.2009
-this change have to be done in the next month, i.e. on 01.01.2010
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-the fiscal year 2010 ends on 31.03.2010 and have 3 posting periods
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Month Days Period Year Shift
1 31 1 0
2 28 2 0
3 31 3 0
4 30 4 0
5 31 5 0
6 30 6 0
7 31 7 0
8 31 8 0
9 30 9 0
10 31 1 +1
11 30 2 +1
12 31 3 +1
3) Company Code assignment (OB37): K4 to be replaced with R2 .
4) Controlling Area (OKKP): K4 to be replaced with R2.
5) Fiscal Year to be shortened for Depreciation Areas in Asset Accounting customization (OAYP).
6) Table T093C to be viewed to check whether the field XRUMPF (Shortened Fiscal Year) has been activated with u201CXu201D..(SE 11 Check Table) Done manually
Other Problem : 1. The system calculates deprecation for period 3 ( Full year deprecation) as seen from AW01n for one asset.
2. When I run AFAB for 2010 period 1 the error is displayed
SYST: Period 012 is not valid in financial year variant R2
Message no. FGV003
Please anybody help me in this issue .
Subbu

Have you maintained the Year Shift Properly in OB29
For e.g if Financial Year is from July to June, year shift will be as follows:
Month      Days        Period       Year Shift
1     31     7     0
2     29     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
Check also FI period and aseet periods are open through OB52 and AJAB

How to create opening balance (financial year - inclusive) as calculated column

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i'm trying to add a opening balance (financial year) column to a table.. Or i guess it's more of a summed balance for a specific date, and repeated for a defined date range.
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.... 11
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etc
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Jakub, is this still an issue?
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EAM: Reinstatement of assets retired in previous Financial Year

Guys,
I have 19 assets all of them got retired in the month of Dec-2011 (Financial Year period 1-Jan-2011 to 31-Dec-2011). Now customer as on 1-Jun-2012 (Financial Year period 1-Jan-2012 to 31-Dec-2012 ) wants me to reinstate all of them back to Oracle. If I am not wrong, Oracle does not allow to reinstate assets in current financial year if they are retired in the previous financial year. Can you please enlighten me on it?
Thanks
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Hi Rohit,
I had a similar requirement for Fixed Assets. The response from SAP was that this cannot be done for Assets Acquired in Current Fiscal Year and needs to be done manually. Version I was using was 2004A.
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Error while saving FYV : Gaps in financial year variant periods

Hello Experts,
We are getting an error while saving a new FYV as:
Gaps in financial year variant periods XY
Message no. FGV556
Diagnosis
The period specification has gaps. The periods must be sequentially numbered without any gaps.
System Response
Only a correctly defined period assignment can be saved.
Procedure
Define the periods with consecutive numbers.
Details: The new FYV has 52/53 weeks as posting periods depending on calendar year.
For example, we are trying to define Fisc 2009 as follows. (Fiscal year 2009 = Nov 01 2008 to Oct 31 2009).
Month-Day-Period-Yearshift
11     ---     7     ---     1     ---     +1
11     ---     14     ---     2     ---     +1
11     ---     21     ---     3     ---     +1
11     ---     28     ---     4     ---     +1
12     ---     5     ---     5     ---     +1
12     ---     12     ---     6     ---     +1
12     ---     19     ---     7     ---     +1
12     ---     26     ---     8     ---     +1
12     ---     31     ---     9     ---     +1
1     ---     3     ---     9     ---     0
1     ---     10     ---     10     ---     0
1     ---     17     ---     11     ---     0
1     ---     24     ---     12     ---     0
1     ---     31     ---     13     ---     0
2     ---     7     ---     14     ---     0
2     ---     14     ---     15     ---     0
2     ---     21     ---     16     ---     0
2     ---     28     ---     17     ---     0
3     ---     7     ---     18     ---     0
3     ---     14     ---     19     ---     0
3     ---     21     ---     20     ---     0
3     ---     28     ---     21     ---     0
4     ---     4     ---     22     ---     0
4     ---     11     ---     23     ---     0
4     ---     18     ---     24     ---     0
4     ---     25     ---     25     ---     0
4     ---     2     ---     26     ---     0
5     ---     9     ---     27     ---     0
5     ---     16     ---     28     ---     0
5     ---     23     ---     29     ---     0
5     ---     30     ---     30     ---     0
6     ---     6     ---     31     ---     0
6     ---     13     ---     32     ---     0
6     ---     20     ---     33     ---     0
6     ---     27     ---     34     ---     0
7     ---     4     ---     35     ---     0
7     ---     11     ---     36     ---     0
7     ---     18     ---     37     ---     0
7     ---     25     ---     38     ---     0
8     ---     1     ---     39     ---     0
8     ---     8     ---     40     ---     0
8     ---     15     ---     41     ---     0
8     ---     22     ---     42     ---     0
8     ---     29     ---     43     ---     0
9     ---     5     ---     44     ---     0
9     ---     12     ---     45     ---     0
9     ---     19     ---     46     ---     0
9     ---     26     ---     47     ---     0
10     ---     3     ---     48     ---     0
10     ---     10     ---     49     ---     0
10     ---     17     ---     50     ---     0
10     ---     24     ---     51     ---     0
10     ---     31     ---     52     ---     0
The above entries cover all the dates in calendar year 2009, that is, Jan 2009 to Oct 2009 is covered by periods 10 to 52 and Nov 01 2009 to Dec 31 2009 is covered by period 1 to 9 of the following fiscal year 2010.
Inspite of making sure that all the days of 2009 are covered by periods 1 to 52. We are still unable to save the FYV.
Please help!
Susan

Hello, I am getting this error while saving the FSV. My FSV is based on Weeks. Below is what I am inputting for this. Other details are Calender Year - 2017, No. of posting periods - 53, checked year dependent. Also, I have FSV for previous years also where weeks are 52 but configured as 53. So, hope that this is not creating this issue. Solicit your early response.
Month
Day
Period
Year Shift
1
7
1
0
1
14
2
0
1
21
3
0
1
28
4
0
2
4
5
0
2
11
6
0
2
18
7
0
2
25
8
0
3
4
9
0
3
11
10
0
3
18
11
0
3
25
12
0
4
1
13
0
4
8
14
0
4
15
15
0
4
22
16
0
4
29
17
0
5
6
18
0
5
13
19
0
5
20
20
0
5
27
21
0
6
3
22
0
6
10
23
0
6
17
24
0
6
24
25
0
7
1
26
0
7
8
27
0
7
15
28
0
7
22
29
0
7
29
30
0
8
5
31
0
8
12
32
0
8
19
33
0
8
26
34
0
9
2
35
0
9
9
36
0
9
16
37
0
9
23
38
0
9
30
39
0
10
7
40
0
10
14
41
0
10
21
42
0
10
28
43
0
11
4
44
0
11
11
45
0
11
18
46
0
11
25
47
0
12
2
48
0
12
9
49
0
12
16
50
0
12
23
51
0
12
30
52
0
12
31
1
+1
Thanks
Deepankar

Alternate Financial year(AFY) in Indian Payroll

Hi All,
I am facing a strange problem in my payroll configuration. I activated business function for AFY and now Income tax should get calculated from March to Feb. I have necessary config for AFY including payroll period & control record. Now in my system period 1 of 2013 is equal to 01.03.2013 to 31.03.2013 & period 12 is 01.02.2014 to 28.02.2014.
I hired an employee on 01.03.2013 & trying to run payroll for whole financial year i.e. march 2013 to Feb 2014.
I noticed a discrepancy while calculating gross salary & professional tax while it calculates IT.
In March 2013 (012013) payslip monthly gross & Ptax are getting multiplied by 12
In April 2013 (022013) payslip monthly gross & Ptax are getting multiplied by 12. In March & April there is no issue.
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Hi Arka,
I think you are saying wrong.
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Check and tell me.
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Open PO's after new financial year ??

hii
If we have some open PO's after year end .(New financial year got opened )
In this case , we ahve to open new MM period using MMPV.
What are the impacts will be there in SAP system, how to proceed further.
Thanks

hii
Can u tel me , the steps has to be carried out in MMPV and OMSY.
Once the new Period got opened in MMPV , how to proceed furthere with ur solution.
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Create asset-error"E003 SYST: Period 000 is not valid in financial year var

Error during Asset Creation: E003
AS01: Create asset was executed. During saving the asset got an error
E003 SYST: Period 000 is not valid in financial year variant
Following are the Depr keys assigned;
LINA is being used for Book Depreciation
MSTL Depreciation key is being used for ACRES, ALT MIN, ACE, E&P.
Asset Class is Buildings

Hello!
I had the same problem a few month ago. There is a SAP note about this. Run the Asset Year end technical proces in ARJW. Try again your asset creation.
Greetings,
Stéphane

Error in AS01 E003 SYST: Period 000 is not valid in financial year variant

Hello SAP Gurus,
I am encountering an error when creating an asset for a certain CC. Upon saving, error message 'E003 SYST: Period 000 is not valid in financial year variant' appears which prevents me creating the asset. My FY Variant K4 is already assigned in the correct company code. Not sure if this has something to do in period control, posting period or FY variant.
Can someone help me explain the root cause of my error?
Thanks in advance.
Carlo

Basically, period control will determine the depreciation start date. For 02, it is Pro rata upto mid-period at period start date.
This is means that for asset value date after mid month, depreciation will be start from next month.
As an example,
asset value date from 01.01.2012 to 15.01.2012 -> Depreciation start date is 01.01.2012
asset value date from 16.01.2012 to 31.01.2012 -> Depreciaiton start date is 01.02.2012
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Gaps in financial year variant periods IW

Hi All,
how to fill the Gaps in financial year variant periods IW. i am not able to finish these!!!
we have 52 weeks, when i am posted i am facing the above error.
thanks and regards
Prathap

Hi..
When you go to in T.code OB29, you will find 'number of posting period' based on your posting period you change the number of posting period and maintain the numbers.
And your problem could be solved by going into OB29, select the Fiscal Year Variant, then click on Shortened Fiscal Year and enter the year where you get the error message. Then click on New Entries and enter 52, if for the year in question you only have 52 periods, which can absoluteley be fine, depending how the weekdays fall in a calendar year. Save and record on transport. Check if the error message you were getting still appears in your period definition screen.
And also Please check the SAP Note 849016 - OB29: FGV556 (period gaps) incorrect.
Hpoe it will helps
Thanks.

Change of Financial Year End

Hi Experts
We have been advised that we will be changing our financial year (currently July to June) to tie in with our new acqusition companies fiscal year, which runs from January to December.This will be done with effect from end June 2012.
Consequently, we will be running a 6 month 2012 fin year (July to December 2012) and then properly aligning with the 2013 fin year from January 2013.
We have SAP version ECC6 without Flex General Ledger.
Two approaches have been identified by our consulting company :
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The Profit Centers must be opened in the new companies.
The stock must be transferred to the new companies.
The open Purchase orders must be u201Cconvertedu201D to the new companies or new Purchase Orders must be created.
The Fixed Assets must be transferred to new companies.
The Controlling Area might be impacted.
To be able to do Comparison reports we should do a history take on. (This can only be monthly movements per profit center per GL-Account, converted to the new Fiscal periods.)
Experts, are there any other options that are worth persueing with the least business impact ? Please help, your advise will be highly appreciated.

If you do not prefer to create new company codes and undergo a conversion effort, you can go with the first alternative and then engage SAP SLO services to replace the shortened fiscal year 2013 in your system to the correct fiscal year. That way, your next fiscal will remain 2013, and your fiscal year will not be always 1 year ahead of your actual fiscal year.
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https://service.sap.com/sap/support/notes/672255

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Hi all
i already posted this issue on ASSET ACCOUNTING two weaks ago ....but still waiting for your responce .............
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when i check dep. thro' t.code AW01N/AS02 i am getting an error like "SYST: Period 012 is not valid in financial year variant V3".....
i don't know why the system is throwing this type of error and where i have to do changes...........
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Hi,
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Regards,
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Hi
I need to generate an Asset History Sheet for a particular period of a closed fiscal year. The system allows only to generate the asset history sheet as at the closing date of the prior year.
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Hi
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Financial Year Wrongly defined in SAP-B1

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