How To Fix 60445 - Fiscal year not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 445

• Message text: Fiscal year not defined

What causes this issue?

Postings are allocated to a specific fiscal year. However, the fiscal
year is not entered in the table T009Y.

System Response

Planning records for the rental agreement can neither be displayed nor
processed.

How to fix this error?

Enter the fiscal year in the table T009Y.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60445 - Fiscal year not defined ?

  The SAP error message 60445, "Fiscal year not defined," typically occurs when the system is unable to find a defined fiscal year variant for the company code or controlling area in question. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), when trying to post transactions or generate reports.
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant has not been defined for the company code or controlling area.
  Incorrect Configuration: The fiscal year variant may not be correctly assigned to the company code or controlling area.
  Period Closure: The fiscal year may have been closed, and the system does not allow postings to closed periods.
  Data Entry Error: There may be a mistake in the data entry, such as using an incorrect company code or controlling area.
  
  Solution:
  
  
  Define Fiscal Year Variant:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO ? IMG ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year ? Define Fiscal Year Variant.
  Create a new fiscal year variant if it does not exist or modify an existing one.
  
  
  
  Assign Fiscal Year Variant to Company Code:
  
  In the same IMG path, navigate to Assign Fiscal Year Variant to Company Code.
  Ensure that the fiscal year variant is correctly assigned to the relevant company code.
  
  
  
  Check Period Status:
  
  Ensure that the fiscal year is open for posting. You can check this in the transaction OB52 (Open and Close Posting Periods).
  If the period is closed, you may need to open it for the required transactions.
  
  
  
  Verify Data Entry:
  
  Double-check the company code and controlling area being used in the transaction to ensure they are correct.
  
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP Basis or FI/CO consultant for further assistance.
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: Open and Close Posting Periods
  SPRO: Customizing Implementation Guide
  
  
  Fiscal Year Variants: These define how the fiscal year is structured (e.g., calendar year, non-calendar year).
  Company Code: This is a legal entity for which financial statements are created.
  
  By following these steps, you should be able to resolve the error message 60445 in SAP. If the problem continues, further investigation into the specific configuration and settings of your SAP system may be necessary.