How To Fix AB551 - The first day in fiscal year & could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 551

• Message text: The first day in fiscal year & could not be determined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AB551 - The first day in fiscal year & could not be determined ?

  The SAP error message AB551, which states "The first day in fiscal year & could not be determined," typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to identify the start date of the fiscal year for a particular asset or transaction. This can happen for several reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  
  Missing Fiscal Year Variant Configuration: The fiscal year variant may not be properly configured in the system, or it may not be assigned to the company code or the asset.
  
  
  Incorrect Asset Master Data: The asset master record may not have the correct fiscal year variant assigned, or it may be missing necessary data.
  
  
  Period Locking: The fiscal year or periods may be locked for posting, preventing the system from determining the first day of the fiscal year.
  
  
  Missing or Incorrect Settings in Customizing: There may be issues in the configuration settings related to Asset Accounting or the fiscal year variant.
  
  
  Data Consistency Issues: There may be inconsistencies in the data that prevent the system from determining the fiscal year start date.
  
  
  Solutions:
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to the SPRO transaction and navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year > Define Fiscal Year Variants.
  Ensure that the fiscal year variant is correctly defined and assigned to the relevant company code.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS03 to display the asset master record and check if the fiscal year variant is correctly assigned.
  Ensure that all required fields are filled out correctly.
  
  
  
  Check Period Locking:
  
  Verify if the fiscal year or specific periods are locked for posting. You can check this in the transaction code OB52.
  
  
  
  Review Customizing Settings:
  
  Ensure that all necessary customizing settings for Asset Accounting are correctly configured. This includes settings for depreciation areas, asset classes, and fiscal year variants.
  
  
  
  Run Consistency Checks:
  
  Use transaction code OAAQ to run consistency checks on asset accounting data to identify any inconsistencies that may need to be resolved.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS03: Display Asset Master Record
  OAAQ: Asset Accounting: Consistency Check
  OB52: Change View "Periods": Overview
  SPRO: SAP Reference IMG
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on fiscal year variants and asset master data configuration.
  
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.