With your production system already up and running, you might run into a situation where you have to use additional fiscal years, because you need local reporting for a certain country or region that differs from your main fiscal year.

Not to worry, there’s a way to do this. You may have heard the term “lean solution” in this context, and when you hear “lean solution” in this context, you’re looking for additional fiscal year variants.

Here’s how this works: You need to create an additional ledger and an additional posting period variant. Then you can assign your required fiscal year variant or even configure your own fiscal year variant.

For the exact procedure and the things to consider on the way, read our documentation and the relevant SAP Notes:

• Learn about the relationship between Fiscal Years and Fiscal Year Variants
• See how Configuring an Additional Alternative Fiscal Year Variant is done
• Check the technical implications in the Lean Solution for Alternative Fiscal Year Variants SAP Note