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

Similar Messages

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

Activating Country version India for specific fiscal years

hi guruz,
what is the significance of the 'Activate Country version India for specific fiscal years' option in the SPRO -> Financial Accounting -> Financial accounting Global Settings -> Tax on Sales and purchase -> Basic Settings -> India -> Activate Country version India for specific fiscal years.

what is the significance of the 'Activate Country version India for specific fiscal years' option in the SPRO -> Financial Accounting -> Financial accounting Global Settings -> Tax on Sales and purchase -> Basic Settings -> India -> Activate Country version India for specific fiscal years.
In the above activity, you can Specify for which fiscal years you want to activate Country Version India for the accounting interface.
In the table, maintain data as follows:
Comp. (Component): IND
To year: 2999
Active: X
Regards,
Ashok

Sugestion required for Fiscal Year scenario

Hi Gurus,
I need your suggestion for the below scenario
One of our client going to change the Fiscal period from (Jan - dec ) to (Sep - Oct). We have nearly 5 years of records as on date based on the (Jan-Dec) fiscal period.
Requirement: If new fiscal peirod will come in active , they want to view all the data ( Including historical records)based on the both the fiscal period based on the selection in the query.
Technical requirement: Dynamic switching is requried for Fiscal Year Variant in the query level.
Suggestion Required for below point:
1. Is it required to maintain two Fiscal year variant ?
2.How do we maintain the new fiscal year period for historical record ?
3. Is it any posibilities their with out major disturbance of the existing query ?
4. Is it possible to do in query level with minor impact of performance ?
5. Is it possible to do in back end side with out redundancy of the records ?
6.I have a solution to use multiprovider on top of two infoprovides which are maintain the fiscal period based on two fiscal year variant. If I realize this it would lead major back end work.
7. I have another solution to add another two fields in the existing structure to hold new variant and fiscal period. If I do this How dynamically I can change the structure of the query for to view the different fiscal period information.
Anticipate your reply eagerly
With Regards
Siva

Hi,
1. Is it required to maintain two Fiscal year variant ?
Yes, You will need to have another Fiscal Year variant for Sep to Oct.
2.How do we maintain the new fiscal year period for historical record ?
To do this at the BI Level, You can have a routine to convert the Fiscal Year Period according to the new Variant.
You will have to get the help of a functional consultant in order to understand the logic of opening and closing balance. According to the new variant the current Fisc Period 009.2009(Sep 2009) will become 001.2010 and so on. Apart form just converting the period, you will also have to take care of carrying over the balances.
3. Is it any posibilities their with out major disturbance of the existing query ?
Once you implement the above logic, you can just include the New Fiscal variant into the query.
4. Is it possible to do in query level with minor impact of performance ?
Yes, as mentioned above.
5. Is it possible to do in back end side with out redundancy of the records ?
Not sure about this.
6.I have a solution to use multiprovider on top of two infoprovides which are maintain the fiscal period based on two fiscal year variant. If I realize this it would lead major back end work.
This seems to be the best way. You will not have to touch the existing cube. Only your reports will have to be copied to the New MultiCube. The logic in the 2nd Q above will be for the new cube.
Regards,
Gaurav

Prerequisites and requirements for a change of Fiscal Year in BW?

Hello:
We are planning for a change in Fiscal year. Our current Fiscal year starts from Apr 2010 - Mar 2011. But the change will be or should be done in Feb 2011 which means the new Fiscal year will start in Feb 2011.
What are the implications for this change? What prerequisites and other requirements should be taken into account.
It would be a great help if you could give me a procedure for achieving the above.
Thanks in Advance.

Once you transfer global settings from source system, I hope BI should work fine.
Chk the point 1 about global settings and related tables listed in below link.
http://www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/30422873-8369-2d10-ddb5-e516359259f1?quicklink=index&overridelayout=true
Hope this helps you.
Regards,
Vinay

Fiscal year Reports

Hi Experts,
I have one problem i.e. our group company having Jan to Dec fiscal year, and their subsidary company having Apr to Mar fiscal year.
About India, i knew the tax and everything should be submitted in the year of Apr to Mar. But we want to maintain records for group company purpose, means india company maintain same as the group company fiscal year. for taxes in india we have to maintain Tax Fiscal Year (Apr to Mar).
upto this is fine and acceptable. but my client asking how to manage this in sap and what are the requirements for this.
my side, i am a consultant of this company based on clinet site, i suggested - one of this site expert given a valuble idea, to maintain seprate report for this tax balance sheet and PnL.
how to develop this report??, for Apr to Mar or Jan to Dec?
in case for tax purpose we maintain the same, there is no objection from indian govt??
how to configure this customization for sap??
kindly answer and give your valuable suggetions.......
Raghav

Hi
This can be achieved using special purpose ledger. Refer help.sap.com for further information on speial purpose ledger config.
Cheers
Muralidhar

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.

Dual fiscal year

Hi all,
Please let me how can i handle dual fiscal year in SAP Business One.
For Example. Our company is in India following Fiscal Year From
April to March . Where as my parent company is following the Fiscal Year from January to December.
Please let me know how can i handle in SAP Business One.
regards
Suresh S

Hi Suresh
I think your concern is reporting to the head office using their fiscal year and not your own defined in your database? You can run the Trial Balance and Profit & Loss reports for a date range, with other words from a date to a date, that is not necessarily the fiscal year (the Balance Sheet however does not allow for this). The only problem with this is that there will be journals in April that make your income & expense accounts zero and will skew the results of these reports as they will start at zero in January at the head office. I am assuming that the head office will require only a trial balance or possibly a detailed General Ledger report. You could write a query on the OJDT/JDT1 tables and use GROUP BY on G/L accounts and select the date range to generate a trial balance for the period and forward this to the head office. Alternatively you could try XL Reporter, though you might have similar limitations there.
Will you report in Local Currency or System currency (Head Office currency)? Make sure to write the query to use the correct currency amount fields.
Kind regards
Peter Juby

Fiscal year varient ecc 6.0

Hi Gurus
I created one fiscal year varient ecc .6.0 ,(24 period , april to march) i can't save that varient . i got some information gap in financial year varient period ZZ
thanks
bala

New G/L is having extended facility comparing to classic G/L. Classic G/L is supported by Sap Table GLT0 whereas New G/L is supported by SAP Table FAGLFLEXT.
Addl. fields like cost center, Profit center, segment will be available in this table which is not there in OLD table. If it is a new implementation you need not activate New G/L. With all new installation New G/L is activated with the standard SAP.
New GL concept is used normally in the following situations:
1. An organization has units in more than one country and has separate currencies and need to maintain separate ledgers.
2. Different financial years are required for legal requirement. For ex: for the companies act Jan to December and for Income tax act April to March
3. To Maintain US GAAP or any other GAAP requirements.
Example:
Letu2019s assume that your company is in INDIA and US. Your parent company is US which follows FY K4 and Your Indian Company has to submit the balance sheets as per FY V3. Also Indian companies follows Indian GAAP and US company USGAAP.
Letu2019s assume that there are some accounting differences between these two and the values differ at the time of posting. In such a case you create US company as a Leading ledger with FY variant K4 and Indian company with V3.
When you are posting transactions which are independent of ledgers the system will post to all the ledgers by default. When you want to post transactions to only effecting Indian GAAP then the Ledger Groups Come in to the picture and you will post to the ledger groups by using FB01L or FB50L. These two transactions will give you the flexibility of posting to selected ledgers.
In multi ledger environment you use FAGLB03 instead of FS10N and FAGLL03 instead of FBL3N. You can have only one leading ledger and all other are non leading ledgers. You can maintain as many ledgers as you need with different currencies, different fiscal year variants. In classic GL environment you need to configure this by using special purpose ledger and derive your reports. Important concepts in NEW G/L are
1. Parallel Accounting
2.Document Splitting
3.Integartion

Asset Depreciation Calculation when Fiscal Year are Different

Hi,
The client reporting company is in US and the company code is maintained with K4 fiscal year varient. (for common controlling area).
Though the India entity follow K4, their depreciation calculation are based on V3 (April to March). The real depreciation for their postings is based on their April to March calculations. The depreciation is calculated on the WDV method and the net assets are calculated on the end balances of December where as it should be the April of previous year. the eg. is
                                   Correct Calculation (Requirement)          SAP Calculation
Acquisition Value                                                33000.00
Accumulated Depre.                                                     14680.00
Net Asset Value - As On 1st April 2009          18320.00
Net Asset Value As On Dec 31st 2009          16400.04
Depreciation Key     OS01     13.91%          OS01     13.91%
Depreciation Per Day     6.98               6.98
Net Asset Value - As On 1st April 2009          18320.00               18320.00
April'09     30     209.45          30     209.45
May'09     31     216.43          31     216.43
June'09     30     209.45          30     209.45
July'09     31     216.43          31     216.43
Aug'09     31     216.43          31     216.43
Sepr'09     30     209.45          30     209.45
Oct'09     31     216.43          31     216.43
Nov'09     30     209.45          30     209.45
Dec'09     31     216.43     1920     31     216.43     1920
Net Asset Value as on Dec 31st 2009          16400.04          6.25     16400.04
Depre for Jan'10     31     216.43          31     193.75
Feb'10     28     195.49          28     175.00
Mar'10     31     216.43     628.35     31     193.75     562.50
Net Asset Value as on Marc 31st 2010          15771.69     2548.31          15837.54     2482.46
There are some BADI and user exit which determines my base value for depreciation calculation. Should we have to use that or any standard solutions are available for this.
Please let me know.
Chandrashekar S A

Wrong topic I think

Multiple Fiscal Year Variant in the same client in SEM-BCS...

I have already looked at some earlier threads relating to this but didn't get a convincing answer to what I would like to know.
We have had a working SEM-BCS system with fiscal year variant K4. There was no need for defining leading fiscal year variant and none was defined. SAP, by default takes, K4 as the leading fiscal year variant.
Now there is a requirement for going on a different fiscal year variant for which we have created another databasis (there were a few other reasons besides these) with the same InfoObjects that we used earlier but with different fixed parameters, one of which is fisc year variant V9. Soon, we started experiencing bizarre dumps in the configuration which ultimately convinced me to define a leading fiscal year variant. I was reluctant to do so because there is a lot of old data (which will become 'historical' from new data basis point of view) from the working system on K4 that would still need to be reported on even when we have new BCS solution in the new fiscal year variant V9. That is not going away. There is a need to keep the old data for reporting (hence the rationale for a different data basis among a few others).
Since earlier Master Data was configured in the old fisc year variant K4, now I have defined the leading fiscal year variant as V9 so that MDF can appropriately identify the period dependency.
I would like to know if any of you have had an unexpected behavior from the system going forward. Does the system dump out when you try to read the old data (from earlier K4).
I have tried to explain the dilemma as clearly and succinctly as possible but if you need more clarifications, please do let me know.
I would really appreciate your help in this.

Is your requirement is that K4 to be changed to Z5.
The best way you can do it is in the transformation. Instead of directmapping,
Write a code like this in the trransformation to the cube
If SOURCE FIELD - 0FISCVAR eq 'k4'.
SOURCE FIELD - 0FISCVAR = 'Z5'.
I dont think we can change th data in the query being displayed. we can change the keyfigure values in query by frmulas etc...
but for a characteristic, i think we will be able to restrict bt not change the value.
to obtain the requirement, w have to get the data change before query designer that is in the cube leve.
Hope this helps,
Sri...

Shortened Fiscal Year and its impact on BI back end and Bex reports

Hi All,
Our client is making some changes to the fiscal year period.
Becuase of some business requirements, we will have to shortened the fiscal year.
Can you please suggest - what are the watch points when we do this?
- what will be the impact to BI back end and Bex reports?
Thanks,
Nisha

Hello Nisha,
Since the fiscal year (Infobjects - 0FISCYEAR and/ 0FISCPER3) is compounded with fiscal year variant, therefore maintaining the correct variant in BI will automatically take care of showing the data correctly.
So there are two things to be maintained in BI:
1) To see that the variant definition.
2) If you need to display the text of the fiscal periods, then the correct texts.
Let me know if you need more clarifications.
Regards,
Shweta
Edited by: Shweta Kesarwani on Jan 8, 2010 11:10 AM

GL Account Line items - Across Fiscal year

Hi,
Is there any way to get the line items for GL accounts across fiscal years? Let us say the fiscal year is from Jan to Dec. If I want to see all the line items from Nov 2009 to Mar 2010 in one report, is there any standard report that would let me pull the line items across fiscal years? Have any one else come across this requirement?
I was not able to find any standard report and was trying to develop using report painter. But did not have any luck with the period variable to go to the prior fiscal year when it gets to zero. I could give the period and year as March 2010 and give value 3 to a variable and it would go an get the line items/balances from Jan to Mar. But if I give the value to the variable as 5 I get an error message. (REPLACE_VARIABLES; SUBRC= 0; &ZPR3 Message no. GR016)
Thanks in advance for your help. Points would be assigned for useful answers.
Thanks,
SD.

The only way we can use FBL3N or FAGLL03 is by entering the posting date in the main screen. As we are using 4-5-4 calendar, the period end dates are not the same as the month end dates.
You can not enter the period and year in the dynamic selections and get the results.
Is there any other method?
Thanks,
SD.

Vendor Ageing Analysis Report for the postings for this fiscal year

Hi All,
I require report that lists every supplier that my company has spent money in this fiscal year, need the actual average payment terms, number of days etc. And also how much has been spent with each supplier.
Kindly let me know the report or the process to extract this data from SAP R/3 system.

Regarding Ageing analysis of Vendor below three reports may meet your requirements provided transactions to the vendors are done in disciplined manner.
S_ALR_87012078 - Due Date Analysis for Open Items
S_ALR_87012084 - Open Items - Vendor Due Date Forecast
S_ALR_87012085 - Vendor Payment History with OI Sorted List
Regards,
Alok

Turkey: year end close RFSUMB00 / fiscal year variant

Hello guys,
I am wondering if anyone of you have had this requirement before.
Running RFSUMB00 on a Turkish company code will blow away the balances from all G/L accounts so that each individual account has a balance of 0.
Questions:
1. How do you manage revenue accounts (cost element categories 11 and 12). A pure cost centre is not enough as CO account assignment. You can switch off error message KI 166 (so that no COPA documents are then created), but is this really wanted?
2. If each individual account has a balance of 0 at year end, how to create a B/S and P/L for that year? Especially, for previous years? The only thing that comes to my mind is using special periods (13 to 16), but.... -->
3. ...in our system, the FI fiscal year variant is not K4, but a custom variant. The fiscal year (of the group) does not end on 31st December. I have a small FI-SL application running in the background (with K4 assigned there), and I could change the FI-SL period to 13 during the document transfer easily, but I ask myself why I do not post all of these funny closing documents directly in FI-SL then? This would save me from the usage of dummy assets/customers/vendors and the continous changes made to the "automatic postings only" flag (SKB1-XINTB).
Turkey experts, any hints welcome. What are your best practices?
Thank you,
Csaba

Yes frank,
GL closing should be carried only after all the sub ledgers are closed
for asset closing
you should open the new fiscal year first (AJRW) and then close the existing fiscal year. (AJAB)
otherwise FI-AA and Fi-GL may not reconcile (use tcode ABST2 to check this)
Regards
Sach!n
Edited by: Sachin Bhutani on Jan 30, 2010 3:32 AM

India fiscal year requirement

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