How To Fix 60698 - Year & is invalid for year-dependent settlement variant

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 698

• Message text: Year & is invalid for year-dependent settlement variant

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 60698 - Year & is invalid for year-dependent settlement variant ?

  The SAP error message 60698, which states "Year & is invalid for year-dependent settlement variant," typically occurs in the context of settlement processes in SAP, particularly when dealing with year-dependent settlement variants in controlling (CO) or project systems (PS). This error indicates that the specified year is not valid for the settlement variant you are trying to use.
  Cause:
  
  Invalid Year: The year you are trying to use for the settlement variant does not exist in the configuration of the settlement variant.
  Configuration Issues: The settlement variant may not be properly configured for the specified year, or the year may not be defined in the system.
  Period Closing: The year may be closed for posting, meaning that no further transactions can be processed for that year.
  Incorrect Settings: The settings for the settlement variant may not align with the fiscal year variant or the periods defined in the system.
  
  Solution:
  
  
  Check Settlement Variant Configuration:
  
  Go to the configuration settings for the settlement variant in SAP (Transaction code: OKO7).
  Verify that the year you are trying to use is included in the configuration for the settlement variant.
  
  
  
  Verify Fiscal Year Variant:
  
  Ensure that the fiscal year variant is correctly set up and that the year in question is open for posting.
  You can check this in the configuration under Financial Accounting (FI) -> Financial Accounting Global Settings -> Fiscal Year -> Maintain Fiscal Year Variant.
  
  
  
  Open the Year for Posting:
  
  If the year is closed, you may need to open it for posting. This can be done through the transaction code OB52, where you can adjust the posting periods.
  
  
  
  Check for Year-Dependent Settings:
  
  If your settlement variant is year-dependent, ensure that all necessary settings for that year are correctly defined.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on the settlement variant and its configuration.
  
  
  
  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: 
  
  OKO7 (Settlement Variants)
  OB52 (Open and Close Posting Periods)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to the settlement variant and fiscal year settings.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.