How To Fix 88579 - There is no fiscal year variant for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 88 - REA Processing

• Message number: 579

• Message text: There is no fiscal year variant for company code &1

What causes this issue?

A fiscal year variant that is maintained for company code &V1& is
required for settlement of the document.

System Response

Settlement was not carried out.

How to fix this error?

In Customizing -> FI -> Fiscal year, maintain the settings for company
code &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 88579 - There is no fiscal year variant for company code &1 ?

  The SAP error message 88579, "There is no fiscal year variant for company code &1," typically occurs when the system cannot find a fiscal year variant assigned to the specified company code. This can happen during various financial transactions or reporting processes.
  Cause:
  
  Missing Fiscal Year Variant: The company code does not have a fiscal year variant assigned in the configuration.
  Incorrect Configuration: The fiscal year variant may not be properly configured or linked to the company code.
  Data Migration Issues: If data was migrated from another system, the fiscal year variant might not have been set up correctly.
  Changes in Company Code: If the company code was recently created or modified, the fiscal year variant may not have been assigned yet.
  
  Solution:
  To resolve this error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify that the company code in question is listed and check if a fiscal year variant is assigned.
  
  
  
  Assign a Fiscal Year Variant:
  
  If no fiscal year variant is assigned, you can assign one by selecting the company code and entering the appropriate fiscal year variant.
  Ensure that the fiscal year variant is correctly configured in OB29 (Define Fiscal Year Variants).
  
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to transaction code OB29 to review the fiscal year variant settings.
  Ensure that the fiscal year variant is set up correctly, including the start and end dates, and that it matches the requirements of your financial reporting.
  
  
  
  Transport Requests:
  
  If changes were made in a development environment, ensure that the transport requests have been moved to the production environment.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team for any specific configurations that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Configuration for Company Code.
  OB29: Configuration for Fiscal Year Variants.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year variants and company codes.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code and fiscal year variant settings.
  
  By following these steps, you should be able to resolve the error message 88579 and ensure that your company code is properly configured with a fiscal year variant.