How To Fix FIAAIT_IS007 - Two different Fiscal Year Variants &1 and &2 found

SAP Error Message - Details

• Message type: E = Error

• Message class: FIAAIT_IS - IT FI-AA IS

• Message number: 007

• Message text: Two different Fiscal Year Variants &1 and &2 found

What causes this issue?

Fixed Asset Register (Italy) report can be executed for multiple Company
Codes only if they use the same Fiscal Year Variant (for Ledgers
assigned to all selected depreciation areas).
However, multiple fiscal year variants were identified.

System Response

Report processing is aborted.

How to fix this error?

Change the configuration of your Reporting entity so that only Company
Codes having the same fiscal year variant are assigned (transaction
SM34, view SRFVC_RPG_ENT).

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIAAIT_IS007 - Two different Fiscal Year Variants &1 and &2 found ?

  The SAP error message FIAAIT_IS007 indicates that there are two different fiscal year variants being used in a transaction or process, which is not allowed. This typically occurs when you are trying to post or process financial documents that involve different fiscal year variants, leading to inconsistencies in the financial data.
  Cause:
  
  Different Fiscal Year Variants: The error arises when the system detects that the fiscal year variant assigned to the company code or the controlling area is different from the one assigned to the document or transaction being processed.
  Configuration Issues: This can happen if the configuration for fiscal year variants is not set up correctly in the system, or if there are inconsistencies in the master data (e.g., company codes, controlling areas).
  Data Migration or Integration Issues: If data is being migrated from another system or integrated from different sources, it may lead to discrepancies in fiscal year variants.
  
  Solution:
  
  
  Check Fiscal Year Variants: Verify the fiscal year variants assigned to the company codes and controlling areas involved in the transaction. You can do this by navigating to:
  
  Transaction Code: OB29 (for fiscal year variant configuration)
  Transaction Code: OX15 (for company code settings)
  Transaction Code: OX16 (for controlling area settings)
  
  
  
  Align Fiscal Year Variants: Ensure that all relevant entities (company codes, controlling areas) are using the same fiscal year variant. If necessary, change the fiscal year variant for one of the entities to match the other.
  
  
  Review Document Settings: If the error occurs during document posting, check the document settings and ensure that they are consistent with the fiscal year variant of the company code.
  
  
  Consult Documentation: Review SAP documentation or consult with your SAP Basis or Finance team to understand the implications of changing fiscal year variants and ensure that it aligns with your organization's financial reporting requirements.
  
  
  Testing: After making changes, perform testing to ensure that the error does not recur and that financial postings are processed correctly.
  
  
  Related Information:
  
  Fiscal Year Variant: A fiscal year variant defines the structure of the fiscal year, including the number of posting periods and special periods.
  Company Code: A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Controlling Area: A controlling area is an organizational unit in management accounting that represents a closed system for cost accounting purposes.
  
  If the issue persists after checking the configurations, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Financials for further assistance.