How To Fix F6012 - New fiscal year &1 does not correspond to old fiscal year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: F6 - Funds Management Master Data Maintenance

• Message number: 012

• Message text: New fiscal year &1 does not correspond to old fiscal year &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message F6012 - New fiscal year &1 does not correspond to old fiscal year &2 ?

  The SAP error message F6012 indicates a mismatch between the new fiscal year and the old fiscal year during the year-end closing process. This error typically arises when there is an inconsistency in the fiscal year settings or when the system is trying to transition from one fiscal year to another, but the configuration does not align properly.
  Cause:
  
  Fiscal Year Configuration: The new fiscal year has not been properly configured in the system, or it does not match the expected settings based on the previous fiscal year.
  Posting Periods: There may be discrepancies in the posting periods defined for the new fiscal year compared to the old fiscal year.
  Year-End Closing Process: The year-end closing process may not have been completed correctly, leading to inconsistencies in the fiscal year data.
  Custom Settings: Custom configurations or modifications in the system could lead to unexpected behavior regarding fiscal year transitions.
  
  Solution:
  
  
  Check Fiscal Year Settings:
  
  Go to the transaction code OB29 (Define Fiscal Year Variant) and verify that the fiscal year variant is correctly set up for both the old and new fiscal years.
  Ensure that the new fiscal year is defined and that the periods are correctly aligned.
  
  
  
  Review Posting Periods:
  
  Use transaction code OB52 (Open and Close Posting Periods) to check if the posting periods for the new fiscal year are open and correctly configured.
  
  
  
  Complete Year-End Closing:
  
  Ensure that the year-end closing process has been completed for the old fiscal year. This includes running the necessary closing programs and ensuring that all financial statements are finalized.
  
  
  
  Check for Customizations:
  
  If there are any custom developments or enhancements in the system, review them to ensure they are not interfering with the fiscal year transition process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to fiscal year-end closing for any specific instructions or known issues.
  
  
  
  SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, especially if there are specific configurations unique to your organization.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variant
  OB52: Open and Close Posting Periods
  F.01: Financial Statements
  F.16: Year-End Closing
  
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide additional troubleshooting steps.
  
  
  Documentation: Review the SAP Financial Accounting (FI) documentation for guidelines on fiscal year-end processes and configurations.
  
  
  By following these steps, you should be able to resolve the F6012 error and ensure a smooth transition between fiscal years in your SAP system.