How To Fix 8Z745 - Enter a valid fiscal year (&1 is either closed or does not exist)

SAP Error Message - Details

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 745

• Message text: Enter a valid fiscal year (&1 is either closed or does not exist)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8Z745 - Enter a valid fiscal year (&1 is either closed or does not exist) ?

  The SAP error message 8Z745 indicates that the fiscal year you are trying to enter is either closed or does not exist in the system. This error typically occurs when users attempt to post transactions or access data for a fiscal year that is not open for posting.
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to access has been closed, meaning that no further postings can be made to that year.
  Non-Existent Fiscal Year: The fiscal year you are trying to enter does not exist in the system, possibly due to incorrect input or configuration.
  Configuration Issues: The fiscal year variant may not be properly configured in the system, leading to discrepancies in available fiscal years.
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 (Maintain Fiscal Year Variants) to check the status of the fiscal year. Ensure that the fiscal year you are trying to access is open for posting.
  If the fiscal year is closed, you may need to open it temporarily for specific transactions, but this should be done with caution and typically requires authorization.
  
  
  
  Verify Fiscal Year Configuration:
  
  Ensure that the fiscal year variant is correctly configured in the system. You can check this in the configuration settings under SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variants.
  Make sure that the fiscal year you are trying to use is included in the fiscal year variant assigned to your company code.
  
  
  
  Correct Input:
  
  Double-check the input for the fiscal year. Ensure that you are entering the correct year and that there are no typographical errors.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the fiscal year status or need to make changes, consult with your finance team or SAP administrator. They can provide guidance on whether it is appropriate to open a closed fiscal year or if there are alternative solutions.
  
  
  
  Review Authorization:
  
  Ensure that you have the necessary authorizations to post in the desired fiscal year. Lack of authorization can sometimes lead to similar error messages.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB52: To maintain the open and closed periods for posting.
  SPRO: To access configuration settings for fiscal year variants.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year management and posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year handling or known bugs.
  
  
  By following these steps, you should be able to resolve the error message 8Z745 and successfully manage your fiscal year postings in SAP.