How To Fix FGV554 - Financial year variant periods & incomplete (31.12 missing)

FGV554 - Overview

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 554

• Message text: Financial year variant periods & incomplete (31.12 missing)

What causes this issue?

A complete financial year variant definition contains entries for every
day in the calendar year, i.e. it must be possible to find the posting
period for every calendar day.
This includes an entry for the last day of the year, which is missing
here.

System Response

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

How to fix this error?

Specify a posting period for the last day of the year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FGV554 - Financial year variant periods & incomplete (31.12 missing) ?

  The SAP error message FGV554 indicates that there is an issue with the financial year variant periods, specifically that the period for December 31st is missing or incomplete. This error typically arises in the context of financial closing processes or when trying to post transactions that require a complete set of periods for the financial year.
  
  Cause:
  
  Missing Period Definition: The financial year variant may not have been properly defined for the period ending December 31st. This could happen if the fiscal year variant is not set up to include all necessary periods.
  Incorrect Configuration: The configuration of the fiscal year variant in the system may be incorrect or incomplete, leading to missing periods.
  Year-End Closing: If the year-end closing process has not been completed, it may lead to periods not being available for posting.
  Custom Fiscal Year Variant: If a custom fiscal year variant is used, it may not align with the standard calendar