How To Fix FGV547 - Only specify '-1', '0' or '+1' as annual closing

FGV547 - Overview

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 547

• Message text: Only specify '-1', '0' or '+1' as annual closing

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGV547 - Only specify '-1', '0' or '+1' as annual closing ?

  The SAP error message FGV547 indicates that there is an issue with the annual closing settings in the system. This error typically arises when the system expects a specific value for the annual closing indicator, but an invalid value has been provided. The valid values for this indicator are:
  
  -1: Indicates that the annual closing is not to be performed.
  0: Indicates that the annual closing is to be performed normally.
  +1: Indicates that the annual closing is to be performed with special considerations (e.g., for a specific scenario).
  
  
  Cause:
  The error occurs when:
  
  An invalid value is entered for the annual closing indicator in the relevant transaction or configuration.
  There may be a configuration issue in the financial settings or in the specific transaction being executed.
  
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Input Values: Ensure that the value you are entering for the annual closing indicator is one of the valid options: -1, 0, or +1.
  
  
  Review