How To Fix FCO_SFIN051 - Variance scheme &1 is used in fiscal year &2 and controlling area &3

FCO_SFIN051 - Overview

• Message type: E = Error

• Message class: FCO_SFIN - FI-CO Simplified Financials

• Message number: 051

• Message text: Variance scheme &1 is used in fiscal year &2 and controlling area &3

What causes this issue?

You are about the change the variance scheme &V1&. This scheme has
already been used for postings in fiscal year &V2& and controlling area
&V3& (e.g. in accounting document no. &V4&).

System Response

The system sends a warning but allows the change.

How to fix this error?

Be aware that document reversals will use the changed scheme. Reporting
might not be transparent when variance accounts change during a fiscal
year.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FCO_SFIN051 - Details

• The SAP error message FCO_SFIN051 indicates that there is an issue related to the variance scheme being used in a specific fiscal year and controlling area. This error typically arises in the context of financial controlling (CO) and can occur during various processes, such as posting or reporting.
  
  Cause:
  The error message is triggered when:
  
  The variance scheme specified is not correctly configured for the given fiscal year and controlling area.
  The variance scheme may not be activated or may not exist for the specified controlling area and fiscal year.
  There may be inconsistencies in the configuration of the controlling area or fiscal year settings.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Variance Scheme Configuration:
  
  Go to the configuration settings for variance schemes in SAP (Transaction code: OKB9).
  Verify that the variance scheme you are trying to use is correctly defined and activated for the specified controlling area and fiscal year.
  
  
  
  Review Fiscal Year Settings:
  
  Ensure that