FGV575 - No period 0001 is defined in calendar year &

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 575

• Message text: No period 0001 is defined in calendar year &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGV575 - No period 0001 is defined in calendar year & ?

  The SAP error message FGV575 "No period 0001 is defined in calendar year &" typically occurs when there is an attempt to post a transaction in a period that has not been defined in the fiscal calendar for the specified year. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), when the system is trying to validate the posting period.
  Cause:
  
  Missing Period Definition: The fiscal year variant does not have a definition for the specified period (in this case, period 0001).
  Incorrect Fiscal Year Variant Assignment: The company code may not be correctly assigned to the fiscal year variant that includes the required periods.
  Period Locking: The period may be locked for posting, preventing any transactions from being recorded in that period.
  Configuration Issues: There may be issues in the configuration of the fiscal year variant or the calendar year settings.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (Define Fiscal Year Variants) and check if the fiscal year variant assigned to your company code has the period defined for the year in question.
  Ensure that period 0001 is defined for the fiscal year variant.
  
  
  
  Assign Correct Fiscal Year Variant:
  
  If the fiscal year variant is not correctly assigned, you can assign it using transaction code OBY6 (Assign Company Code to Fiscal Year Variant).
  
  
  
  Open the Period:
  
  If the period is closed, you can open it using transaction code OB52 (Open and Close Posting Periods). Ensure that the period is open for the relevant company code and transaction type.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the fiscal year variant and ensure that they are set up correctly. This includes checking the start and end dates of the fiscal year and the periods defined within it.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variants
  OBY6: Assign Company Code to Fiscal Year Variant
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year variants and posting periods.
  User Authorization: Ensure that you have the necessary authorizations to make changes to the fiscal year variant and posting periods.
  
  By following these steps, you should be able to resolve the FGV575 error and successfully post your transactions.