How To Fix ACE_S4006 - Fiscal year variant is not assigned to leading ledger in company code &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: ACE_S4 - Messages for S/4HANA Accrual Engine

• Message number: 006

• Message text: Fiscal year variant is not assigned to leading ledger in company code &1.

What causes this issue?

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

System Response

How to fix this error?

Go to <DS:TRAN.FINSC_LEDGER>Define Settings for Ledgers and Currency
Types </>and set the fiscal year variant for the leading ledger in
company code &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACE_S4006 - Fiscal year variant is not assigned to leading ledger in company code &1. ?

  The SAP error message ACE_S4006 indicates that the fiscal year variant has not been assigned to the leading ledger in the specified company code. This is a common issue that can arise during the configuration of financial accounting in SAP.
  Cause:
  The error occurs when:
  
  The fiscal year variant is not defined for the leading ledger in the company code settings.
  There may be a mismatch between the fiscal year variant and the ledger configuration.
  The company code may not have been properly set up in the system.
  
  Solution:
  To resolve this error, you need to assign the fiscal year variant to the leading ledger for the company code. Here are the steps to do this:
  
  
  Access the SAP GUI: Log in to your SAP system.
  
  
  Navigate to the Company Code Settings:
  
  Use transaction code OBY6 (or navigate through the menu: SPRO -> Financial Accounting -> General Ledger -> Master Data -> G/L Accounts -> Prepare G/L Account Creation -> Define Company Code).
  
  
  
  Select the Company Code: 
  
  Find and select the company code that is causing the error.
  
  
  
  Assign the Fiscal Year Variant:
  
  In the company code settings, look for the field related to the fiscal year variant.
  Assign the appropriate fiscal year variant to the leading ledger (usually the 0L ledger).
  
  
  
  Save Changes: After making the changes, save your settings.
  
  
  Check Ledger Settings:
  
  You can also check the ledger settings using transaction code OB22 to ensure that the fiscal year variant is correctly assigned to the leading ledger.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines the accounting periods for a company code. It determines how many periods are in a fiscal year and how they are structured (e.g., monthly, quarterly).
  Leading Ledger: In SAP S/4HANA, the leading ledger is the primary ledger used for financial reporting. It is typically the one that is used for external reporting and is linked to the company code.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for company code settings and OB22 for ledger settings.
  
  Additional Considerations:
  
  Ensure that the fiscal year variant you are trying to assign is already created in the system. You can create or modify fiscal year variants using transaction code OB29.
  If you are working in a multi-ledger environment, ensure that all ledgers are properly configured with the correct fiscal year variants as needed.
  
  By following these steps, you should be able to resolve the ACE_S4006 error and ensure that your company code is properly configured for financial accounting in SAP.