How To Fix FGV574 - In calendar year & no period 0001 is defined for fiscal year &

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 574

• Message text: In calendar year & no period 0001 is defined for fiscal year &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FGV574 - In calendar year & no period 0001 is defined for fiscal year & ?

  The SAP error message FGV574 indicates that there is an issue with the fiscal year settings in the system. Specifically, it means that for the specified calendar year, there is no period defined for the fiscal year in question. This can occur in various scenarios, such as when trying to post a transaction or generate a report that requires a valid fiscal period.
  Cause:
  
  Missing Period Definition: The fiscal year variant does not have a period defined for the specified calendar year.
  Incorrect Fiscal Year Variant: The fiscal year variant assigned to the company code may not match the fiscal year settings.
  Configuration Issues: There may be issues in the configuration of the fiscal year settings in the SAP system.
  
  Solution:
  To resolve the FGV574 error, you can follow these steps:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (Maintain Fiscal Year Variants).
  Verify that the fiscal year variant assigned to your company code has the correct periods defined for the calendar year in question.
  
  
  
  Define Missing Periods:
  
  If periods are missing, you can define them in the fiscal year variant settings. Ensure that the periods for the fiscal year are correctly set up for the calendar year you are working with.
  
  
  
  Check Company Code Settings:
  
  Use transaction code OBY6 (Assign Company Code to Fiscal Year Variant) to ensure that the company code is correctly assigned to the appropriate fiscal year variant.
  
  
  
  Review Posting Periods:
  
  Check the posting periods using transaction code OB52 (Open and Close Posting Periods) to ensure that the periods are open for posting.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year settings, consult the SAP documentation or your organization's SAP configuration guide for detailed instructions on setting up fiscal years and periods.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured, including the number of periods and how they correspond to calendar months.
  Posting Periods: These are specific time frames during which financial transactions can be recorded in the system.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB29, OBY6, and OB52 for managing fiscal year settings and posting periods.
  
  By following these steps, you should be able to resolve the FGV574 error and ensure that your fiscal year settings are correctly configured in SAP.