FGV547 - Only specify '-1', '0' or '+1' as annual closing

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 547

• Message text: Only specify '-1', '0' or '+1' as annual closing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGV547 - Only specify '-1', '0' or '+1' as annual closing ?

  The SAP error message FGV547 indicates that there is an issue with the annual closing settings in the system. This error typically arises when the system expects a specific value for the annual closing indicator, but an invalid value has been provided. The valid values for this indicator are:
  
  -1: Indicates that the annual closing is not to be performed.
  0: Indicates that the annual closing is to be performed normally.
  +1: Indicates that the annual closing is to be performed with special considerations (e.g., for a specific scenario).
  
  Cause:
  The error occurs when:
  
  An invalid value is entered for the annual closing indicator in the relevant transaction or configuration.
  There may be a configuration issue in the financial settings or in the specific transaction being executed.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Input Values: Ensure that the value you are entering for the annual closing indicator is one of the valid options: -1, 0, or +1.
  
  
  Review Configuration: 
  
  Go to the configuration settings for financial accounting in SAP.
  Check the settings related to annual closing and ensure that they are correctly configured.
  
  
  
  Transaction Review: If the error occurs during a specific transaction, review the transaction data to ensure that all required fields are filled out correctly and that the annual closing indicator is set to a valid value.
  
  
  Consult Documentation: Refer to SAP documentation or help files for additional context on the specific transaction or process you are working with.
  
  
  Seek Help from SAP Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any updates or patches related to this error.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be involved in the annual closing process (e.g., F.01 for financial statements).
  User Roles: Ensure that the user executing the transaction has the necessary permissions to perform annual closing activities.
  
  By following these steps, you should be able to identify and resolve the cause of the FGV547 error in SAP.