How To Fix FCO_SFIN026 - Start date (&1) is not begin of fiscal year &2 (&3)

SAP Error Message - Details

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 026

• Message text: Start date (&1) is not begin of fiscal year &2 (&3)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCO_SFIN026 - Start date (&1) is not begin of fiscal year &2 (&3) ?

  The SAP error message FCO_SFIN026 indicates that there is an issue with the start date of a financial transaction or posting. Specifically, the error message states that the start date provided (represented as &1) does not align with the beginning of the fiscal year (represented as &2) for the specified fiscal year variant (represented as &3).
  Cause:
  This error typically occurs due to one of the following reasons:
  
  Incorrect Start Date: The date you are trying to use for a financial transaction does not match the first day of the fiscal year defined in your SAP system.
  Fiscal Year Variant Configuration: The fiscal year variant may not be set up correctly, or the fiscal year may not be defined properly in the system.
  Posting Period Issues: The posting period may not be open for the specified date, or the date may fall outside the allowed posting periods.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Start Date:
  
  Ensure that the start date you are using for the transaction is indeed the first day of the fiscal year. You can find the first day of the fiscal year in the configuration settings of your fiscal year variant.
  
  
  
  Review Fiscal Year Variant Settings:
  
  Go to the SAP configuration (transaction code SPRO) and navigate to the following path:
  Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Fiscal Year -> Define Fiscal Year Variant
  
  Check the fiscal year variant assigned to your company code and verify the start date of the fiscal year.
  
  
  
  Check Posting Periods:
  
  Ensure that the posting period for the date you are trying to use is open. You can check this in the transaction code OB52, where you can view and manage the open and closed posting periods.
  
  
  
  Adjust the Transaction Date:
  
  If the date is not the beginning of the fiscal year, consider adjusting the transaction date to the correct start date.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year settings or how to adjust them, refer to SAP documentation or consult with your SAP administrator or finance team.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  SPRO: Access to the SAP Customizing Implementation Guide.
  OB52: Manage posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year settings or this error message.
  User Roles: Ensure that you have the necessary permissions to view and modify fiscal year settings and posting periods.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.