How To Fix FAGL_SWITCH_LEAD_LDG117 - No fiscal year variant is defined for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_SWITCH_LEAD_LDG - Technical Changeover of Leading View in General Ledger (New)

• Message number: 117

• Message text: No fiscal year variant is defined for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_SWITCH_LEAD_LDG117 - No fiscal year variant is defined for company code &1 ?

  The SAP error message FAGL_SWITCH_LEAD_LDG117 indicates that there is no fiscal year variant defined for the specified company code. This error typically occurs when you are trying to perform a financial operation or transaction that requires a fiscal year variant, but the system cannot find one associated with the company code in question.
  Cause:
  
  Missing Fiscal Year Variant: The primary cause of this error is that the company code does not have a fiscal year variant assigned to it in the configuration settings.
  Incorrect Configuration: The fiscal year variant may not have been set up correctly, or it may have been deleted or not assigned to the company code.
  Data Migration Issues: If data has been migrated from another system, the fiscal year variant may not have been transferred correctly.
  
  Solution:
  To resolve this error, you need to ensure that a fiscal year variant is defined and assigned to 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 Financial Accounting Settings:
  
  Go to Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Define Fiscal Year Variant.
  
  
  
  Define a Fiscal Year Variant:
  
  If a fiscal year variant does not exist, you can create one by clicking on "New Entries" and filling in the necessary details (like the start and end dates of the fiscal year).
  
  
  
  Assign the Fiscal Year Variant to the Company Code:
  
  After defining the fiscal year variant, navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Assign Fiscal Year Variant to Company Code.
  Here, you can assign the newly created or existing fiscal year variant to the relevant company code.
  
  
  
  Check for Existing Assignments:
  
  If a fiscal year variant already exists, ensure that it is correctly assigned to the company code in question.
  
  
  
  Save Changes: After making the necessary changes, save your configuration.
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to know the following transaction codes:
  
  OB29: Define Fiscal Year Variant
  OB37: Assign Fiscal Year Variant to Company Code
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year variants and their configuration.
  Testing: After making the changes, perform a test transaction to ensure that the error no longer occurs.
  
  By following these steps, you should be able to resolve the FAGL_SWITCH_LEAD_LDG117 error and ensure that your company code has a valid fiscal year variant defined.