FGV535 - Calendar years have 12 posting periods (= months)

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 535

• Message text: Calendar years have 12 posting periods (= months)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGV535 - Calendar years have 12 posting periods (= months) ?

  The SAP error message FGV535 indicates that there is an issue with the configuration of the fiscal year variant in your SAP system. Specifically, it states that calendar years should have 12 posting periods, which corresponds to the standard monthly posting periods in a calendar year.
  Cause:
  
  Fiscal Year Variant Configuration: The fiscal year variant may be incorrectly configured to have fewer than 12 posting periods. This can happen if the fiscal year variant is set up for a non-calendar year or if it has been customized to have fewer periods.
  Posting Periods Setup: The posting periods for the company code may not align with the standard calendar year setup, leading to this error when trying to post transactions.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (Maintain Fiscal Year Variant).
  Verify the fiscal year variant assigned to your company code. Ensure that it is set up to have 12 posting periods for a calendar year.
  
  
  
  Adjust Posting Periods:
  
  If the fiscal year variant is correct, check the posting periods in OB52 (Open and Close Posting Periods).
  Ensure that the posting periods are correctly defined and that all 12 months are open for posting.
  
  
  
  Review Company Code Settings:
  
  Go to OBY6 (Assign Company Code to Fiscal Year Variant) and ensure that the correct fiscal year variant is assigned to your company code.
  
  
  
  Consult Documentation: If you are unsure about the settings, refer to SAP documentation or consult with your SAP Basis or Finance team to ensure that the fiscal year variant is set up according to your organization's requirements.
  
  
  Related Information:
  
  Fiscal Year Variants: In SAP, fiscal year variants define how the fiscal year is structured, including the number of posting periods and special periods.
  Posting Periods: These are the time frames during which financial transactions can be recorded in the system. Each posting period typically corresponds to a month in a calendar year.
  Transaction Codes:
  
  OB29: Maintain Fiscal Year Variant
  OB52: Open and Close Posting Periods
  OBY6: Assign Company Code to Fiscal Year Variant
  
  
  
  By ensuring that your fiscal year variant and posting periods are correctly configured, you should be able to resolve the FGV535 error and proceed with your postings.