How To Fix FGV612 - No period text allowed for financial year variant &

SAP Error Message - Details

• Message type: E = Error

• Message class: FGV - Fiscal year variants

• Message number: 612

• Message text: No period text allowed for financial year variant &

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGV612 - No period text allowed for financial year variant & ?

  The SAP error message FGV612 indicates that there is an issue with the financial year variant configuration in the system. Specifically, the error states that "No period text allowed for financial year variant &," which means that the system is trying to process a period that does not have an associated text description for the specified financial year variant.
  Cause:
  
  Missing Period Text: The financial year variant you are using does not have a defined text for one or more periods. This can happen if the configuration for the financial year variant is incomplete or if the period texts were not maintained.
  Incorrect Configuration: The financial year variant may not be set up correctly in the system, leading to inconsistencies when trying to post transactions or generate reports.
  Data Entry Error: There may be a mistake in the data entry where a period is being referenced that does not exist or is not properly defined.
  
  Solution:
  
  
  Check Financial Year Variant Configuration:
  
  Go to the transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Ledgers > Define and Assign Financial Year Variants).
  Select the financial year variant in question and check the periods defined for it.
  Ensure that each period has a corresponding text description. If any periods are missing text, add the appropriate descriptions.
  
  
  
  Maintain Period Texts:
  
  If you find that period texts are missing, you can maintain them by selecting the relevant period and entering the required text.
  
  
  
  Review Posting Periods:
  
  Ensure that the posting periods are open and correctly defined in the system. You can check this in transaction code OB52.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP functional consultant for guidance on setting up financial year variants and period texts.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Financial Year Variants
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to financial year variants and period texts.
  User Roles: Ensure that you have the necessary authorizations to make changes to financial year variants and posting periods.
  
  By following these steps, you should be able to resolve the FGV612 error and ensure that your financial year variant is correctly configured.