How To Fix FE525 - First specify a financial statement version (general selections).

SAP Error Message - Details

• Message type: E = Error

• Message class: FE - CO-PA module pool messages

• Message number: 525

• Message text: First specify a financial statement version (general selections).

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FE525 - First specify a financial statement version (general selections). ?

  The SAP error message FE525, which states "First specify a financial statement version (general selections)," typically occurs when you are trying to generate a financial statement report (like a balance sheet or income statement) without having specified a financial statement version in the selection criteria.
  Cause:
  
  Missing Financial Statement Version: The most common cause of this error is that the financial statement version has not been defined or selected in the report parameters.
  Configuration Issues: There may be issues with the configuration of the financial statement versions in the system.
  User Authorization: The user may not have the necessary authorizations to access the financial statement versions.
  
  Solution:
  
  
  Specify Financial Statement Version:
  
  When you are in the report selection screen, look for the field labeled "Financial Statement Version" or similar.
  Select the appropriate financial statement version from the dropdown list. If none are available, you may need to create one or check with your SAP administrator.
  
  
  
  Check Configuration:
  
  If you are an SAP administrator or have access to configuration settings, navigate to the financial statement version configuration (Transaction Code: OB58).
  Ensure that the financial statement versions are correctly defined and that they are assigned to the appropriate company codes.
  
  
  
  User Authorization:
  
  Verify that the user has the necessary authorizations to view and select financial statement versions. This can be checked in the user roles and authorizations.
  
  
  
  Consult Documentation:
  
  If you are unsure about which financial statement version to use, consult your organization's financial reporting guidelines or SAP documentation.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FS00: For managing G/L accounts.
  OB58: For configuring financial statement versions.
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to financial statement versions.
  User Training: Ensure that users are trained on how to generate financial statements and understand the importance of selecting the correct financial statement version.
  
  If the problem persists after trying the above solutions, it may be beneficial to consult with your SAP support team or refer to SAP community forums for further assistance.