How To Fix AA012 - Company code & requires valid fiscal year version & (Please define)

AA012 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 012

• Message text: Company code & requires valid fiscal year version & (Please define)

What causes this issue?

You have specified fiscal year version &V2& for company code &V1&. Your
fiscal year version has not been defined.

System Response

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

How to fix this error?

Define the fiscal year version using the Financial Accounting
Customizing functions.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA012 - Company code & requires valid fiscal year version & (Please define) ?

  The SAP error message AA012 indicates that there is an issue with the fiscal year version for a specific company code in the Asset Accounting (AA) module. This error typically arises when the system cannot find a valid fiscal year version for the specified company code, which is necessary for processing asset transactions.
  
  Cause:
  
  Missing Fiscal Year Version: The fiscal year version for the specified company code has not been defined in the system.
  Incorrect Configuration: The fiscal year version may not be properly configured or assigned to the company code.
  Data Inconsistency: There may be inconsistencies in the configuration data related to fiscal year versions.
  
  
  Solution:
  To resolve the AA012 error, follow these steps:
  
  
  Define Fiscal Year Version:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Asset Accounting ? Fiscal Year Change ? Define Fiscal Year Version.
  Check if the fiscal year version is defined for the company code in question. If