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fiscal year variant

How to do Fiscal Year Variant Change in SAP?

Fiscal Year Variant 

The fiscal year variant determines the posting periods to be used by the client’s company. SAP allows a maximum of 16 posting periods each fiscal year – normally 12 regular posting periods and 4 special posting periods … Read More

standard hierarchy

How to define Standard Hierarchy in SAP?

You can create or change cost centers either using the relevant menu entry or directly in the standard hierarchy maintenance function.

Cost Centers that are created or changed from within the standard hierarchy have the status ‘Inactive’, that is, they … Read More

number assignment

Document Number Assignment in SAP System

In the SAP System, every document is assigned a number that identifies it uniquely within a fiscal year and company code.

There are two types of number assignment:

External (by the user)- Need Auto generated Number confirmed by VR.

The … Read More

Maintain Versions in SAP

How to Maintain Versions in sap?

To enter any transaction data in sap – CO, we need to maintain versions. Version stores your data into what type of data we entering whether Planned Or Actual. The most suitable version for any company is Version 0, which … Read More