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Extend Fiscal Year

helen_jim
Participant
0 Kudos
540

Hi Experts,

My client wants to extend their financial year from 12 months to 15 months. It seems that the system currently does not allow users to add three additional financial periods to the current fiscal year.

One possible workaround would be to create another fiscal period lasting for three months and perform the year-end process for this abbreviated financial year. Following this, a new fiscal year can be created starting from April 2024. Is this approach feasible?

Additionally, I would appreciate your input on the feasibility of customizing the Balance sheet and P& L report via Crystal reports that combine data from these two fiscal years into a unified 15-month period.

Best regards,

Helen Jim

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SonTran
Active Contributor

You can refer this blog

https://blogs.sap.com/2008/04/25/how-to-correct-posting-periods/

Hope this helps,

Son Tran

helen_jim
Participant
0 Kudos

Hi Son,

Thank you very much for the useful information.

Best Regards,

Helen Jim