How To Fix AC347 - Variant &1 has a different fiscal year than variant &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 347

• Message text: Variant &1 has a different fiscal year than variant &2

What causes this issue?

In company code &V3&, the fiscal year definition in Asset Accounting
(fiscal year variant &V1&) is different from that in Financial
Accounting (fiscal year variant &V2&).

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?

Differing fiscal year variants in Asset Accounting and Financial
Accounting are only allowed if the end of the one fiscal year is the
same day as the start of the other fiscal year, that is, they must
overlap.
Correct your entries by either correcting the fiscal year variant in
Financial Accounting Customizing or Asset Accounting Customizing.
Define the periods in the two variants, so that the beginning of the
first period and end of the last period are the same in both variants.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC347 - Variant &1 has a different fiscal year than variant &2 ?

  The SAP error message AC347 indicates that there is a mismatch between the fiscal year variants assigned to different areas of your configuration. Specifically, it means that the fiscal year variant for a particular asset (or group of assets) does not match the fiscal year variant for the company code or other related entities.
  Cause:
  
  Different Fiscal Year Variants: The error typically arises when you try to perform an operation (like posting an asset transaction) that involves two different fiscal year variants. For example, if you have an asset assigned to one fiscal year variant and you are trying to post to a company code or another asset that uses a different fiscal year variant, this error will occur.
  Configuration Issues: This can also happen if the configuration for the asset accounting (FI-AA) is not set up correctly, leading to inconsistencies in fiscal year variants across different components.
  
  Solution:
  
  
  Check Fiscal Year Variants: 
  
  Go to the transaction code OB29 to check the fiscal year variants assigned to your company code and the asset.
  Ensure that the fiscal year variant assigned to the asset matches the one assigned to the company code or any other related entities.
  
  
  
  Change Fiscal Year Variant:
  
  If you find that the fiscal year variants are indeed different, you may need to change the fiscal year variant for either the asset or the company code to ensure they match.
  This can be done in the asset master record (transaction code AS02) or in the company code settings.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data to ensure that all relevant fields are correctly filled out and that the fiscal year variant is appropriate for the asset's usage.
  
  
  
  Consult Documentation: 
  
  If you are unsure about the implications of changing fiscal year variants, consult your SAP documentation or reach out to your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Maintain Fiscal Year Variants
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to fiscal year variants and asset accounting.
  Testing: After making changes, perform a test transaction to ensure that the error is resolved and that the system behaves as expected.
  
  By ensuring that the fiscal year variants are consistent across all relevant components, you should be able to resolve the AC347 error.