How To Fix 88580 - Fiscal year variant (for company code) &1 is not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: 88 - REA Processing

• Message number: 580

• Message text: Fiscal year variant (for company code) &1 is not correct

What causes this issue?

The fiscal year variant (for company code &V1&) is not correctly
maintained. A date interval cannot be determined.

System Response

Settlement is not performed.

How to fix this error?

In Customizing, maintain the
<DS:SIMG.SIMG_CFMENUORFBOB29>fiscal year variant</> (for the
<DS:SIMG.SIMG_CFMENUORFBOB37>company code</> &V1&). Make sure that, in
the case of year-dependent fiscal year variants, a fiscal year variant
also exists in the fiscal year &V2(C)&.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 88580 - Fiscal year variant (for company code) &1 is not correct ?

  The SAP error message "88580 Fiscal year variant (for company code) &1 is not correct" typically indicates that there is an issue with the fiscal year variant assigned to a company code in your SAP system. This error can occur during various financial transactions or when trying to post documents.
  Cause:
  
  Incorrect Fiscal Year Variant Assignment: The fiscal year variant assigned to the company code may not be set up correctly or may not match the expected configuration.
  Missing Configuration: The fiscal year variant may not be defined in the system, or it may not be properly linked to the company code.
  Inconsistent Settings: There may be inconsistencies between the fiscal year variant and the periods defined in the system.
  Changes in Configuration: If there have been recent changes to the fiscal year variant or company code settings, it may lead to this error.
  
  Solution:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variants).
  Verify that the fiscal year variant assigned to the company code is correct and exists in the system.
  
  
  
  Review Company Code Settings:
  
  Use transaction code OBY6 to check the company code settings.
  Ensure that the fiscal year variant is correctly assigned to the company code in question.
  
  
  
  Validate Fiscal Year Variant Configuration:
  
  Check the configuration of the fiscal year variant to ensure that it is set up correctly (e.g., periods, special periods).
  Ensure that the fiscal year variant is compatible with the company code's requirements.
  
  
  
  Check for Changes:
  
  If there have been recent changes to the fiscal year variant or company code, review those changes to ensure they were implemented correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on fiscal year variants and their 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:
  
  OB29: Maintain Fiscal Year Variants
  OBY6: Assign Company Code to Fiscal Year Variant
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year variants.
  Documentation: Review SAP Help documentation for detailed information on fiscal year variants and their configuration.
  
  By following these steps, you should be able to identify and resolve the issue related to the fiscal year variant error in SAP.