Fiscal year for India

Hi,
I have one requirement
We have one group company and multiple company codes across countries and they all have the fiscal year as Jan to Dec .
But in India case we have April to march fiscal year
Now I canu2019t maintain 2 fiscal years ( we donu2019t have new GL activation)
I understand I have the option either to maintain group fiscal year or country fiscal year and derive financial statements for the other through adjustments.
What are the pros & cons if we maintain April to mach fiscal year Group point of view?
What are the Pros & cons if we maintain Jan to Dec fiscal year in India co-code point of view?
If anyone has met with similar scenarios, I request your inputs on this asap. Your few minutes on this will help me to put a step ahead.
Kindly guide me on this
Thanks in advance
Regards
Kumar

Hi,
As Per my Understanding you can maintain Fiscal Year April to March for your Indian Companycode, There will not any impact on Books of Accounts. when Group company Need Books of Accounts for Period Jan to Dec. with Special Ledger Purpose you can extract the details and Provide.
Thanks
Goutam

Similar Messages

Differing Fiscal year for Accounting & Tax purposes

What procedure needs to be followed in ECC 6.0 when the fiscal year for accounting purposes and the fiscal year for taxation purposes are different.
For Accounting - Jan to Dec: For taxn - April to March.
How to accomplish the same?
One should not extract two different financials and merge it manually. Is there any other way out?

Hi Smurthi
If my understanding is right - Your company books fiscal year is Jan to Dec and for country like India the tax book is to be maintained from April to March
If this is what you are in need off - its very well possible using Special Purpose Ledger.
Once this is configured - you will have two books as the period stated above.
Any transaction posted in SAP will go to your regular book and special purpose ledger.
At this point if you open any posted document using FB03 etc - go to the Environment -> Document Environment -> Accounting Document - you can see the Special purpose ledger document also
Warm Regards
Bala
Edited by: Balasubramanian Nagarajan on Jul 5, 2008 9:30 AM

Creation of shortend Fiscal year for the Merger of two Companies.

Company 'A'is getting Merged with the Company 'B' on 15th February 2010. Company 'A' is suppose to submit all the financial details to the Company 'B' on 15th February 2010, furthermore the users with the Company 'A' should not be allowed to post any transactions after 15th February 2010.(Max they should be given 10 days grace period for closing the financial year)
The current fiscal year for the Company 'A' is from April to March. However, as per the above mentioned scenario it is required to have fiscal year from April to February.i.e. a shortened fiscal year.
Please note that Company 'A' is using the version 4.7.
Steps we have already proceeded with
1. we created a Shortened fiscal year "Z1"from April to Feb 2010 (Monthly basis) wherein we have taken only 15 days for the month of Feb 2010.
2. we have created an another Shortened fiscal year(weekly basis) wherein we have taken six weeks as posting period.
3.We assigned the Fiscal year Variant to the company code.
4.After assigning when we want to check the details of the assets in the Asset explorer AW01N.the system is reflecting an error "
SYST: Error when calculating first day in fiscal period > F1
Message no. AA654
Please provide us with the solution for the above mentioned scenario.
Thanks and Regards,
Tejprakash Chaurasia.

Hey,
I am facing a similar scenario at my client place, thought if i could get insights on how you resolved the issue identified...
We are yet to configure the shortened fiscal year settings.
Thanks
Pradeep

Fiscal year for consolidation

Hi All,
Anyone knows how to maintain the fiscal year for consolidation ?
I'm trying to post some transaction and I hit this error message
"No postable ledger/FY variant found for cons unit ICFNBT (dim FN)"
Thanks,
Melissa

Hi,
Refer the fallowing SAP notes regarding your.
981570 , 793716.
Reason and Prerequisites:
As of Release ECC 6.0 (mySAP ERP 2005), the new "Realtime update: Ledger selection" standard function replaces the modification solution from Note 793716 for older releases.
This problem is caused by a program error.
Solution:
Implement the program corrections.
Rds,
Anil

Function module to find start date and end date of fiscal year for company

Hi,
Is there any function module exist which will provide me start date and end date of fiscal year for company code and fiscal year provided?
Thanks & Regards,
Parag

Hi,
please check this link
it would be very useful
http://www.sapdevelopment.co.uk/fmodules/fms_fiscalyr.htm
Thanks and regards
durga.K

Fiscal Year for Non-Leading Ledger Issue

Hello Experts,
I am implementing New GL concept in my Current Implementation..
We have one company code which is based at US and has a branch in india
In this case, i have configured one non-leading ledger with Fiscal year variant V3 and Currency INR.. for Indian local Reporting...
Here after posting the transaction, In F.01 report, i am not able to view the Fiscal period for that non leading ledger which i have crated for India
Kindly help me.. I want to view the F.01 report with US posting period when i executed with Leading ledger OL and V3 fiscal period when i execute this with Non- Leading Ledger KS
Kindly Help me regarding this. And also help me to provide some transaction codes for executing reports exclusively for Non- Leading Ledgers..
Thanks
TK Surya

Hi Aravind,
Thanks for the immediat response. But I am not able to understand the activation of non leading ledger and activating it with two currencies and fiscal year variant. Can we have two reporting structure with two periods with two different starting and ending dates.
Thanks once again
surya

Different fiscal year for extended withholding tax

Hi All SAP Gurus,
I have configured the extended withholding tax as per the Indian requirement.But I am unable to meet the following to requirement as per client's need.Can anybody help me out please?
1) My client is following Calander year ( Jan to Dec.) for Global ledger and it is assinged to Company code Global setting.For Local reporting in India, we are using Non-leading ledger L1 and fiscal year V3 ( April to march) is assignd to it.Now the problem comes when we perform the TDS process.
a) We assigned the number range etc. for Internal challan number and TDS certificate.When we run J1INCHLN and J1INCERT, system is picking the number as per the calalnder year and not as per the April to march fiscal yearThis creates problem for the priod of next year (say jan to march 2010).Can anybody worked on such a senario. Please help me out.
b) Second requirement is client wants lower rate deduction of TDS. I really don,t know much but I wonder that how we can set lower rate deducation in SAP as it is linked to the total Invoice amount and from and to period. I could not find anything in the vendor master where we can assign period as well as total turnover amount for lower dedcution.
Please helpme out.
Thnaks in advance.

Hi, Ekta
For lower deduction of Tax you will have to do the following Config:
1.In SPRO Extended WTD --> Basic Settings --> Define Reasons for Exemption:
Reason for exemption
Indicator used to classify different types of exemption from liability
to a particular withholding tax.
Enter Text field such as Concessional Rate of Vendor Name
2.Extended WTD --> Calculation --> India --> Settings for Annual Returns --> Assign Exemption Reasons to Withholding Tax Codes:
Mantain Country, WTH Tax Type, WTH Tax, Exemption reason creatd above.
3. In the vendor Master enter the following details:
Exemtion Number - Certificate no. recd.from Income Tax dept.specifying reduced rate of TDS
Exemption % : 25
Exemption Reason: One created by you.
Exemption From Date:
Exe,ption To Date:
This should resolve part of your issue.
Thank You.

Urgent !!Report Fiscal year for each Month i.e.12mnths

Hi All,
I have a cube with following details.
1.Revenue Value ==1200
2.Fiscal year==2007
3.Product type==A
But If i need to create a Dashboard Report with this Cube,
But it has display tht Fiscal Year Value 2000 for each month
Like ..KF=1200/12(months)
So i need display as follows for the graph...
MONTH JAN FEB MAR...............................DEC
REVENUE 100 100 100...................................100
THIS IS HOW MY REPORT SHLD BE EXECUTED..
But I dont have any date or month field in my cube,how can I get it for Each month as above..??????
Can any one explain me & suggest me how to proceed..???
Thnx
BI Learner

Hi Voodi,
That is the only solution... which i have in my mind...Let me try it out & get back to u..
But as well I have another KF under that Revenue which display for each month & we need to run a dashboard with line diagram where one line for Revenue & another for PO which shld give a comparison for all the months...
Does this work out??
Thanks a lot for ur ideas.

Find the fiscal year for the date

My fiscal year starts from 1st of august to july31
if i pass the period Aug-2011 need to know in which fiscal year it falls in
Expected output as 2012.
How can i write simple query

hI,
893185 wrote:
select EXTRACT (YEAR FROM ADD_MONTHS ('AUG-2011', 5)) from dual
The above is giving non numeic character. How can i write the sqlThe first argument to ADD_MONTHS is supposed to be a DATE, not a string.
Use a DATE instead of the string 'AUG-2011'. For example:
EXTRACT (YEAR FROM ADD_MONTHS ( TO_DATE ( 'AUG-2011'
                                        , 'MON-YYYY'
                     , 5
     )

Multiple Fiscal year for one Company coed

Hello
My client want two balance sheet for one Fiscal year Apr to March and other is for Oct to Sep we required Special Purpose Ledger can some body let me know the configuration of it and how can I check report of it
Thanks
Ashish

Hello
My client want two balance sheet for one Fiscal year Apr to March and other is for Oct to Sep we required Special Purpose Ledger can some body let me know the configuration of it and how can I check report of it
Thanks
Ashish

Can we setup a 13 period fiscal year for 2010 only, using the same variant

We currently have a fiscal year running from October. We have been taken over by a new comany who want our fiscal year to run from November. It has been decided that year 2010 will contain 13 periods.
Can someone help with how to set this up in OB29.
The current settings are for 12 normal periods and 4 special periods. Therefore it will not allow 13 periods to be setup in 2010. However, if I change the number of normal periods in the variant to 13 then there is a message saying that there are gaps in the other fiscal years which are not 2010.
What is the correct way to deal with the extra month? We are currently in 2010 which started in October and we don't want FY 2011 to start until November.
Thank you
Karen

Thank you for your reply, but the problem is that we want to add a 13th period.
The setup we have is as below.
1     29     4     0
2     26     5     0
3     26     6     0
4     30     7     0
5     28     8     0
6     25     9     0
7     30     10     0
8     27     11     0
9     30     12     0
10     29     13     0
11     27     1     +1
12     24     2     +1
12     31     3     +1
This is working fine to find October as period 13 when we use function DATE_TO_PERIOD_CONVERT, but there is an error in the setup saying 'Only define periods until 12'. When we try to run function LAST_DAY_IN_PERIOD_GET this crashes saying fiscal year variant not found for 2010.
There is a setting in the fiscal year variant which says
Calendar yr     2010 No.posting periods   12   No.special periods 4
For 2010 only we want this to be 13 periods. Is this possible?
Thank you
Karen

Different Fiscal Year for Asset Accounting

Hi experts,
My fiscal year was april to march, but for my MIS purpose i want to see the asset related reports January to December. I want to see the both periods reports in asset accounting is there any configuration required for this?
We are following parllel ledger concept, we have 5 ledger groups, i..e. 0L for leading ledger,DG for dutch gaap Jan to Dec,IG for Indian gaap Jan to Dec, IL for indian ledger April to march, IN for ledger groups for indian postings.
In depreciation area target group assigned as IN
for IN ledger Group ledgers assigned to 0L and IG.
please help me
Usefull answers duly rewarded
thanks in advance
sai krishna

You have to assign them to the depreciation areas and not to the company code.
Before doing this test and understand what are the consequents from you requirements!!
When you do quarterly depreciation then you dates perhaps 31.03.**** 30.06.***** ..........
Then the depreciation is posted in FI for 31.03.**** in period 03 or 04 dependent from your FI calendar!!
For me I don't see a reason to it quarterly and not by period. perhaps the old system did.
The only reason to us a different calendar is for fiscal reason and then mostly in combination with parrallel ledgers if FI

Can we close Fiscal Year for Assets without posting Depreciation?

Hi All,
My client has 11 Company Codes. During the year end activity, I closed the FY of Assets for 10 Co. codes (T.code AJAB) and 1 is pending as depreciation is not posted for some assets yet. The client wants me to close the FY for assets without posting the depreciation.
Can anyone guide me on following doubts:
1. Is it possible to Close FY for assets without posting depn?
2. If YES, then what can be the adverse consequences of it?
3. If NO, then what is the alternative reply I can give to my client?
I hope the above info. is sufficient.
Regards
Amarendra

Hi All,
Finally I got the solution. I had to do some off track adjustment which might not be allowed otherwise. After getting that confirmation from the client that:
1. They want to post zero values towards Depreciation for the year 2007 &
2. After closing the year, later on there wont be any adjustments for the closed FY 2007
When client gave me above confirmation i did following steps:
1.Note down the Current Depreciation Key of the asset
2.Change the current depreciation key to u201C0000 - No depreciation and no interestu201D (TC: AS02)
3.Close the fiscal year 2007 (TC: AJAB)
4.Change the u201COrdinary Depreciation Startu201D date to 01.04.2008 for ALL the Depreciation Areas of that asset (AS02)
5. Restore the Depreciation Keys of the assets as per the step 1 (TC: AS02)
6.Open New Fiscal Year 2009 (TC: AJRW)
So now the depreciation will be calculated from 01.04.2008 and no values are posted towards depreciation for the year 2007.
Off course in the normal course of time above solutions are useful.
Regards,
Amarendra

Fiscal Year for output CSV

I am trying to output file in CSV format. Everything works beautifully except Fiscal_date (format yyyymm); with cutoff on Sept of each year.
I have codes that "interpret" the *:control.begin_date* (format yyyymmdd); if it's Sept, it'll be 201201. I also have variable Fiscal_date varchar(6) and if statements where if mm is (01, 02, etc) then fiscal_date will be yyyy||01, 02, etc. The output will always in a monthly basis and no overlaps of month; which means it'll always be something like 201102, 201103, etc.
if substr(to_char(:control.begin_date),5,2) = '01' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'05' ;
elsif substr(to_char(:control.begin_date),5,2) = '02' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'06';
elsif substr(to_char(:control.begin_date),5,2) = '03' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'07';
elsif substr(to_char(:control.begin_date),5,2) = '04' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'08';
elsif substr(to_char(:control.begin_date),5,2) = '05' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'09';
elsif substr(to_char(:control.begin_date),5,2) = '06' then Fiscal_date := substr(to_char(:control.begin_date),1,4)|| '10';
elsif substr(to_char(:control.begin_date),5,2) = '07' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'11';
elsif substr(to_char(:control.begin_date),5,2) = '08' then Fiscal_date := substr(to_char(:control.begin_date),1,4)||'12';
elsif substr(to_char(:control.begin_date),5,2) = '09' then Fiscal_date := substr(to_char(:control.begin_date),1,4)+1|| '01';
elsif substr(to_char(:control.begin_date),5,2) = '10' then Fiscal_date := substr(to_char(:control.begin_date),1,4)+1||'02';
elsif substr(to_char(:control.begin_date),5,2) = '11' then Fiscal_date := substr(to_char(:control.begin_date),1,4)+1||'03';
elsif substr(to_char(:control.begin_date),5,2) = '12' then Fiscal_date := substr(to_char(:control.begin_date),1,4)+1||'04';
message('Fiscal_date : '||Fiscal_date );
end if;The output message is always nothing.
Open to suggestions of better way of doing it or to resolve the problem.
Thanks.

substr(to_char(:control.begin_date),5,2)Do you really want to rely on the default date format mask? Do you really think it is always the same? Better yet specify the format mask you are expecting, as I doubt the default format mask is YYYYMMDD and you are using a complete different number as you think you do:
substr(to_char(:control.begin_date, 'YYYYMMDD'),5,2)or maybe
CHE_TEST@tcp_asterix_impl> exec dbms_output.put_line(extract(month from sysdate));
11
PL/SQL procedure successfully completed.Which will return you a number (I haven't tested if extract works in forms right now, but there is no point that this cannot be a stored procedure).
This will also work for days and years:
CHE_TEST@tcp_asterix_impl> r
1 select extract(day from sysdate) day,
2 extract(month from sysdate) month,
3 extract(year from sysdate) year
4* from dual
       DAY|     MONTH|      YEAR
----------|----------|----------
        21|        11|      2011cheers

India fiscal year requirement

Hi,
I have one requirement
We have one group company and multiple company codes across countries and they all have the fiscal year as Jan to Dec .
But in India case we have April to march fiscal year
Now I canu2019t maintain 2 fiscal years ( we donu2019t have new GL activation)
I understand I have the option either to maintain group fiscal year or country fiscal year and derive financial statements for the other through adjustments.
What are the pros & cons if we maintain April to mach fiscal year Group point of view? Do we have specific statutory requirements in India that demand for Apr to mar fiscal year maintenance because anyways we will be deriving results wrt to India requirements.
If anyone has met with similar scenarios, I request your inputs on this asap. Your few minutes on this will help me to put a step ahead.
What are the Pros & cons if we maintain Jan to Dec fiscal year in India co-code point of view?
we are maintaing Controling are as a company code level
Kindly guide me on this
Thanks in advance
Regards
Kumar

Hi Ravi,
Thanks for your reply
You can maintain a separate fiscal year for the India company code different from the group. This does not affect your normal operations. However, during consolidated reporting, you'll have to take care of the adjustments
Ravi how can we Map above configuration in SAP
if we chose jan to DEC as fiscal year variant then what all adjustment posting required in order to generate financial statements for companies and income tax act in India

Fiscal year for India

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