FGV558 - Financial year variant &: Define all periods from 001 to &

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 558

• Message text: Financial year variant &: Define all periods from 001 to &

What causes this issue?

The fiscal year variant &V1& has &V2& posting periods.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Specify exactly &V2& posting periods.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FGV558 - Financial year variant &: Define all periods from 001 to & ?

  The SAP error message FGV558 indicates that there is an issue with the financial year variant configuration in your SAP system. Specifically, it suggests that not all periods from 001 to the specified number (represented by "&") have been defined in the financial year variant.
  Cause:
  
  Incomplete Configuration: The financial year variant has not been fully configured to include all required periods. This can happen if the periods were not set up correctly during the initial configuration or if changes were made that were not fully implemented.
  Incorrect Year Variant Assignment: The financial year variant assigned to a company code or controlling area may not match the expected configuration.
  Period Definition Issues: There may be a mismatch between the fiscal year variant and the periods defined in the system.
  
  Solution:
  To resolve this error, you need to ensure that all periods are defined in the financial year variant. Here are the steps to do this:
  
  
  Access the Financial Year Variant Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Reference IMG) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Define Financial Year Variant.
  
  
  
  Check the Financial Year Variant:
  
  Find the financial year variant that is causing the issue.
  Ensure that all periods from 001 to the maximum period (e.g., 012 for a 12-month fiscal year) are defined.
  
  
  
  Define Missing Periods:
  
  If any periods are missing, you can add them by selecting the appropriate financial year variant and defining the periods accordingly.
  Make sure to save your changes.
  
  
  
  Assign the Financial Year Variant:
  
  Ensure that the financial year variant is correctly assigned to the relevant company codes or controlling areas.
  This can be done in the same configuration area under Assign Financial Year Variant to Company Code.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to perform the transaction that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like OB29 to directly access the financial year variant configuration.
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring financial year variants and fiscal periods.
  User Roles: Ensure that you have the necessary authorizations to make changes to financial configurations in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Financial Accounting team for further investigation.