How To Fix ACE_S4007 - Fiscal year variant is not assigned to ledger &2 in company code &1.

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 007

• Message text: Fiscal year variant is not assigned to ledger &2 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 ledger &V2& / 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_S4007 - Fiscal year variant is not assigned to ledger &2 in company code &1. ?

  The SAP error message ACE_S4007 indicates that a fiscal year variant has not been assigned to a specific ledger in a particular company code. This is a common issue in SAP Financial Accounting (FI) and can prevent users from performing certain financial transactions.
  Cause:
  
  Missing Assignment: The fiscal year variant is not assigned to the ledger in the specified company code.
  Configuration Issues: The configuration settings in the SAP system may not have been completed correctly, leading to this error.
  New Ledger Creation: If a new ledger has been created, it may not have been properly configured with the necessary fiscal year variant.
  
  Solution:
  To resolve this error, you need to assign the fiscal year variant to the ledger in the company code. Here are the steps to do this:
  
  
  Access the SAP Customizing Implementation Guide (IMG):
  
  Use transaction code SPRO to access the SAP Customizing Implementation Guide.
  
  
  
  Navigate to the Financial Accounting Settings:
  
  Go to Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Define and Assign Fiscal Year Variant.
  
  
  
  Assign the Fiscal Year Variant:
  
  In the configuration screen, find the ledger that corresponds to the company code mentioned in the error message.
  Assign the appropriate fiscal year variant to the ledger.
  
  
  
  Save Changes: After making the necessary assignments, save your changes.
  
  
  Check for Other Configurations: Ensure that all other related configurations are correctly set up, including the assignment of the ledger to the company code.
  
  
  Related Information:
  
  Fiscal Year Variant: This defines the structure of the fiscal year, including the number of posting periods and special periods.
  Ledgers in SAP: Ledgers are used to manage financial data and can be configured to meet specific reporting requirements.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB29 (for fiscal year variant configuration) and OB37 (for ledger assignment).
  
  Additional Tips:
  
  If you are unsure about which fiscal year variant to assign, consult with your finance team or refer to your organization's financial policies.
  After making changes, it may be necessary to test the configuration by attempting the transaction that previously resulted in the error to ensure that the issue has been resolved.
  
  By following these steps, you should be able to resolve the ACE_S4007 error and ensure that the fiscal year variant is correctly assigned to the ledger in the specified company code.