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

88580 - Overview

• 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