How To Fix FI116 - Fiscal year variant not maintained in FM area &

FI116 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 116

• Message text: Fiscal year variant not maintained in FM area &

What causes this issue?

No fiscal year variant has been maintained for Cash Budget Management
in FM area &V1&.

System Response

Function not executed.

How to fix this error?

Go to the Cash Budget Management implementation guide, define a fiscal
year variant and assign it to this FM area.

Error message extract from SAP system. Copyright SAP SE.

FI116 - Details

• The SAP error message FI116, which states "Fiscal year variant not maintained in FM area," typically occurs in the context of Funds Management (FM) in SAP. This error indicates that the fiscal year variant has not been defined for the specified Funds Management area, which is necessary for processing financial transactions.
  
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant has not been assigned to the Funds Management area in the configuration settings.
  Incorrect Configuration: The configuration for the fiscal year variant may be incomplete or incorrect.
  FM Area Not Defined: The FM area itself may not be properly defined or may not have the necessary settings.
  
  
  Solution:
  To resolve the FI116 error, follow these steps:
  
  
  Check FM Area Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) > Public Sector Management > Funds Management > Master Data > Define Fiscal Year Variant.
  Ensure that the fiscal year variant is defined for the relevant FM area.
  
  
  
  Assign Fiscal