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

88579 - Overview

• 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.

88579 - Details

• 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 >