Open a New Fiscal Year in SAP System

You do not need to open the new fiscal year as a separate activity. Once you make a posting into the new fiscal year, the new fiscal year is automatically opened. Or, the new fiscal year is automatically opened when you run the balance carry-forward program.

However, you need to have

1. the relevant posting period already open in the new fiscal year,
2. completed the document number range assignment if you are following a year-dependent number range assignment, and
3. defined a new fiscal year variant if you follow the year-dependent fiscal year variant.

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