Customer Defined Fiscal Year Variants (Example 4-4-5) & Alternative Fiscal Year Variant in S/4HANA Public Cloud Projects

Abstract

We use the SZ fiscal year variant to configure our own fiscal year variant in SAP S/4HAA Public Cloud System if SAP pre-delivered fiscal year variants don't match business requirements. Example: Define an industry-specific fiscal year variant, based on the 4-4-5 rule or use 13 posting periods and 3 special periods for your fiscal year variant. The Best example is “4-4-5” calendar. This is very common in the Retail or Manufacturing Industry. Usually, the fiscal year starts on the first Sunday of the year. Each quarter is grouped into 4 weeks / 4 weeks / 5 weeks ( 4-4-5) giving quarters of nearly equal length. We have to define every fiscal year from scratch. How to do this in SAP S/4HANA Cloud?? To configure our own Fiscal year, firstwe need to set SZ as the common Fiscal year Variant within the Specify Primary Finance Settings phase of your implementation project. Then only we can configure SZ using the “Maintain Fiscal Year Variants” configuration activity (ID: 102712) in the Product-Specific Configuration phase of your implementation project.