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Posting Period Variant in Public Cloud

S0018265868
Explorer
0 Kudos

Hi there

In S/4HANA Public Cloud it does not appear possible to create a new posting period variant and assign to ledger 0L. The reason for this I have Corporate GAAP of USGP, and then parallel ledgers to support local GAAP - DEAP, GBAP & FRAP. Currently it appears that I can only change the settings against 3L which supports local GAAP and not for 0L which Corporate GAAP. I want all Companies to close at the same time controlled centrally for corporate GAAP and then be responsible for closing their own posting periods for their local GAAP - is this no longer possible in S4 Public Cloud. To allow each company code to control the closing for Corporate GAAP will be problematic and lead to month end close delays.

TIA

Claire

Accepted Solutions (0)

Answers (1)

Answers (1)

Bhawesh
Advisor
Advisor
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Dear Customer,

When you use your non-leading ledger (2L or 3L) for your local reporting you will assign the alternative fiscal year variant to the related company codes of this non-leading ledger.

Refere the help.sap.com document on Alternative Fiscal Year Variant . For more detail refer to the help.sap.com document Setting Up an Alternative Fiscal Year Variant.

Also note that Specifying Primary Finance Setting is a one-time decision. Primary Finance Settings are defined for Fiscal Year and, Currencies.

Apart from the standard fiscal year variants (ex. K4) you can see the help document on Defining Your Own Fiscal Year Variant.

If your business requirement is not fulfilled with the above provided help documents then I request you to use the SAP Customer Influence channel to make the development aware about your business requirement.

To request for any SAP enhancement on this regard or some other feature/behavior, it should be reported as explained at SAP KBA 2963059 - How to Submit Feature Requests for SAP S/4 HANA Cloud Product.

Thanks & regards,

Bhawesh

SAP Support

S0018265868
Explorer
0 Kudos

Hi Bhawesh

This isn't anything to do with the Fiscal Year Variant, this is related to being able to control the posting periods for corporate reporting (leading ledger - 0L) centrally (i.e. with a single posting period variant) and then being able to allow the company codes to manage their local GAAP reporting themselves (3L - allowing each of the company codes individually).

The group fiscal year is calendar year, closing for corporate close needs to be managed centrally and therefore needs a single posting period variant. The local calendars is also calendar year however to support the local country GAAP reporting flexibility needs to be there to allow the companies to individually control when they close their books for local GAAP.

Regards

Claire