How To Fix AC220 - You can only specify half periods for fiscal yr. variants with 12 periods

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 220

• Message text: You can only specify half periods for fiscal yr. variants with 12 periods

What causes this issue?

You want to work with half periods in Asset Accounting. This is only
possible with fiscal year variants that have exactly 12 periods, and
are not defined as year-dependent.

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?

If you want to use half periods, change the fiscal year variant in the
company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC220 - You can only specify half periods for fiscal yr. variants with 12 periods ?

  The SAP error message AC220 indicates that there is an issue with the fiscal year variant configuration in relation to the periods specified for asset accounting. This error typically arises when you attempt to use half-year periods (e.g., 6-month periods) in a fiscal year variant that is configured for 12 periods.
  Cause:
  The error occurs because:
  
  The fiscal year variant you are using is set up for 12 periods, which means it expects each month to be accounted for separately.
  You are trying to specify or use half-year periods, which is incompatible with a 12-period fiscal year variant.
  
  Solution:
  To resolve this error, you have a couple of options:
  
  
  Change the Fiscal Year Variant:
  
  If your business process requires the use of half-year periods, consider changing the fiscal year variant to one that supports half-year periods (e.g., a variant configured for 2 periods).
  This can be done in the SAP configuration settings under the path: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year Change > Define Fiscal Year Variants.
  
  
  
  Adjust the Periods Used:
  
  If you need to stick with the 12-period fiscal year variant, ensure that you are not trying to specify half-year periods in your transactions or reports. Instead, use the standard monthly periods.
  
  
  
  Review Configuration:
  
  Check the configuration of your asset accounting settings to ensure that they align with your fiscal year variant. This includes reviewing the settings for asset classes and depreciation areas.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured in terms of periods. Common configurations include 12 periods (monthly), 4 quarters, or half-year periods.
  Asset Accounting (FI-AA): This module in SAP deals with the management of fixed assets, including acquisition, depreciation, and retirement.
  Transaction Codes: You may need to use transaction codes like OAVC (for fiscal year variant configuration) or OAYZ (for asset accounting settings) to make necessary adjustments.
  
  Additional Considerations:
  
  Always ensure that any changes made to the fiscal year variant or asset accounting settings are thoroughly tested in a development or quality assurance environment before applying them to production.
  Consult with your SAP functional consultant or financial team to ensure that any changes align with your organization's accounting policies and practices.