How To Fix AU088 - Company code & does not have half-periods

AU088 - Overview

• Message type: E = Error

• Message class: AU - FI-AA utility program error messages

• Message number: 088

• Message text: Company code & does not have half-periods

What causes this issue?

You are working with a function that requires a company code that
works with half months/half periods. However, company code &V1& is
not defined in this way.

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?

Check your entries. Possibly you need to make this setting for the
company code in Customizing.

Error message extract from SAP system. Copyright SAP SE.

AU088 - Details

• The SAP error message AU088 indicates that the specified company code does not have half-periods defined in the system. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform transactions that require half-year or half-period calculations, such as depreciation postings or asset transfers.
  
  Cause:
  
  Missing Half-Periods Configuration: The company code in question has not been configured to allow for half-periods in the Asset Accounting settings.
  Incorrect Period Settings: The fiscal year variant assigned to the company code may not support half-periods, or the settings for the fiscal year variant may not be correctly defined.
  
  
  Solution:
  To resolve the AU088 error, you need to ensure that the company code is properly configured to handle half-periods. Here are the steps to do this:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (Define Fiscal Year Variants).
  Identify the fiscal year variant assigned to the company code.
  Ensure that the fiscal year variant is set up