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

AC347 - Overview

• 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: 
  
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