What is S A P? S A P stands for System, Applications and Products in Data Processing (in German, Systeme, Anwendungen, Produkte in der Datenverarbeitung). S A P is the name of the Company that have developed the SAP business system, likewise of the system. S A P is a German international software company founded in [...]

// Fiscal year variant specifies the number of posting periods and special periods in a fiscal year. It also specifies how the SAP system determines the assigned posting periods. The fiscal year variant should be configured to match the Company’s fiscal year. It is flexible enough to satisfy your Client’s requirements notwithstanding its fiscal year [...]

Financial Statement Version is a hierarchical listing and positioning of G/L accounts. It groups together related accounts into financial statement report format (Balance sheet & Income Statement) for the purpose of financial reporting. The financial statement version is link with the company code through the Chart of Accounts. Note that there should be one chart [...]

Diagnosis: Company code EXZ1 is not assigned to a field status variant. Field status variant groups together several field status group. It is mandatory that a company code be assigned to one field status variant. Solution: First, you must have created a field status variant that you will assign to your company code. Assuming, you [...]

There are sixteen (16) posting periods in an SAP system. The 1st 12 periods represent the normal period in a fiscal year which represent the month. Say for example the fiscal year of a Company is the normal calendar which starts from January and ends in December. January represent period 1, February represent period 2, [...]

Error message: Processing not possible on 12/31/2010 – fiscal year 2008 already completed. Error message no.: ACEPS060 Analysis and Diagnosis When executing transaction ACACREVERS – Manual Accruals: Reversal of Periodic Accrual Runs, the above error message occur. Processing has been terminated, as date 12/31/2008 in company BP01 falls in a fiscal year that has already [...]