How To Fix FI117 - Fiscal year variant not maintained in FM area &

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 117

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

What causes this issue?

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

System Response

Function is not carried out.

How to fix this error?

Define a fiscal year variant in the Funds Management implementation
guide and assign it to your FM area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI117 - Fiscal year variant not maintained in FM area & ?

  The SAP error message FI117, 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 Configuration: The fiscal year variant has not been assigned to the Funds Management area in the system.
  Incorrect Settings: The configuration settings for the fiscal year variant may be incorrect or incomplete.
  FM Area Not Defined: The FM area itself may not be properly defined or may not have the necessary settings.
  
  Solution:
  To resolve the FI117 error, follow these steps:
  
  
  Check FM Area Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to Funds Management > Master Data > FM Area > Define FM Area.
  Ensure that the FM area in question is correctly defined.
  
  
  
  Assign Fiscal Year Variant:
  
  Navigate to Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variants.
  Check if the fiscal year variant is defined and ensure it is assigned to the relevant FM area.
  If it is not assigned, you can assign it by editing the FM area settings.
  
  
  
  Check for Consistency:
  
  Ensure that the fiscal year variant is consistent with the overall financial year settings in your organization.
  Verify that the fiscal year variant is correctly set up in the controlling area if applicable.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction that triggered the error to ensure that it has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB29 (for fiscal year variant) and FMAVC (for FM area configuration) to access the relevant settings.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring fiscal year variants and FM areas.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation, as there may be additional underlying issues or configurations that need to be addressed.