GP518 - No version data exist for fiscal year &

SAP Error Message - Details

• Message type: E = Error

• Message class: GP - FI-SL and CO planning

• Message number: 518

• Message text: No version data exist for fiscal year &

What causes this issue?

You want to plan version &V2& in fiscal year &V1& in controlling area
&V3&. However, you have not yet maintained a version for this fiscal
year.

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?

Maintain the version data for fiscal year &V1&
<DS:TRAN.OKEQ>Proceed</>, or
Correct your typing error.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GP518 - No version data exist for fiscal year & ?

  The SAP error message GP518 "No version data exist for fiscal year &" typically occurs in the context of SAP's General Ledger (GL) or Financial Accounting (FI) modules when you are trying to access or process financial data for a specific fiscal year that does not have any version data defined.
  Cause:
  
  Missing Version Data: The primary cause of this error is that there is no version data set up for the specified fiscal year in the system. This can happen if the version data has not been created or if it has been deleted.
  Incorrect Fiscal Year: The fiscal year you are trying to access may not be correctly defined in the system or may not correspond to the version data available.
  Configuration Issues: There may be configuration issues in the financial settings that prevent the version data from being recognized.
  
  Solution:
  
  
  Check Version Data:
  
  Go to the relevant transaction (e.g., transaction code OB52 for fiscal year variant) and check if the version data exists for the specified fiscal year.
  Ensure that the version you are trying to access is correctly defined and active.
  
  
  
  Create Version Data:
  
  If version data does not exist, you may need to create it. This can typically be done in the configuration settings under Financial Accounting.
  Use transaction code OB58 to define a new version or modify existing versions.
  
  
  
  Verify Fiscal Year Settings:
  
  Ensure that the fiscal year settings are correctly configured in the system. Check the fiscal year variant and ensure it aligns with the version data you are trying to access.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to version management in financial accounting to ensure that you are following the correct procedures.
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to access the version data for the specified fiscal year.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for fiscal year variant) and OB58 (for version management).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review the SAP Financial Accounting configuration guides for detailed steps on setting up fiscal years and version data.
  
  By following these steps, you should be able to resolve the GP518 error and ensure that version data is correctly set up for the fiscal year in question.