How To Fix FAA_CMP070 - Not all ledgers of company code &1 have the same current fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CMP - Asset Accounting: Configuration Object Company Code

• Message number: 070

• Message text: Not all ledgers of company code &1 have the same current fiscal year

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP070 - Not all ledgers of company code &1 have the same current fiscal year ?

  The SAP error message FAA_CMP070 indicates that there is a discrepancy in the fiscal year settings across different ledgers for a specific company code. This error typically arises in the context of Asset Accounting (FI-AA) when trying to perform operations that require consistency in fiscal year settings across all ledgers.
  Cause:
  The error occurs when:
  
  Different ledgers (such as leading and non-leading ledgers) for the same company code are configured with different fiscal years.
  The fiscal year variant assigned to the company code does not match the fiscal year variant assigned to one or more ledgers.
  
  Solution:
  To resolve the FAA_CMP070 error, you can follow these steps:
  
  
  Check Fiscal Year Variants:
  
  Go to the transaction code OB29 to check the fiscal year variants assigned to the company code and the ledgers.
  Ensure that all ledgers for the company code are assigned the same fiscal year variant.
  
  
  
  Adjust Ledger Settings:
  
  If you find discrepancies, you may need to adjust the fiscal year settings for the affected ledgers.
  You can do this in the transaction code OBY6 for the leading ledger and OBY7 for non-leading ledgers.
  
  
  
  Synchronize Fiscal Years:
  
  If the fiscal year variants are different, you may need to change the fiscal year variant for one or more ledgers to ensure they match.
  Be cautious when making changes, as this may affect financial reporting and other processes.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the Asset Accounting module to ensure that all settings are consistent across ledgers.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP Basis or FI-AA consultant for specific guidance tailored to your system configuration.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB29: Maintain Fiscal Year Variants
  OBY6: Assign Fiscal Year Variant to Company Code
  OBY7: Assign Fiscal Year Variant to Non-Leading Ledger
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error is resolved and that the system behaves as expected.
  
  
  
  By ensuring that all ledgers for the company code have the same fiscal year settings, you should be able to resolve the FAA_CMP070 error and proceed with your asset accounting activities.