How To Fix FICORE243 - Fiscal year variant & is incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: FICORE - FI Message Class for General Messages

• Message number: 243

• Message text: Fiscal year variant & is incorrect

What causes this issue?

When the system was determining the period, it found a period which is
not in the permitted 1-16 range.

System Response

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

How to fix this error?

Correct the fiscal year variant.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE243 - Fiscal year variant & is incorrect ?

  The SAP error message FICORE243 indicates that there is an issue with the fiscal year variant configuration in the system. This error typically arises when the fiscal year variant assigned to a company code or a controlling area is not set up correctly or is inconsistent with the settings required for financial transactions.
  Cause:
  
  Incorrect Fiscal Year Variant Assignment: The fiscal year variant assigned to the company code or controlling area may not be valid or may not match the expected configuration.
  Missing Configuration: The fiscal year variant may not be defined in the system, or it may not be properly configured for the specific company code or controlling area.
  Inconsistent Settings: There may be inconsistencies between the fiscal year variant and the periods defined in the financial settings.
  
  Solution:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the transaction code OB29 to check the fiscal year variant assignment for your company code.
  Ensure that the fiscal year variant assigned is correct and corresponds to the intended fiscal year settings.
  
  
  
  Verify Fiscal Year Variant Configuration:
  
  Use transaction code OB37 to review the configuration of the fiscal year variant.
  Ensure that the periods and special periods are correctly defined.
  
  
  
  Adjust Company Code Settings:
  
  If the fiscal year variant is incorrect, you may need to change it in the company code settings using transaction code OBY6.
  Make sure that the fiscal year variant is consistent with the financial reporting requirements.
  
  
  
  Check for Transport Issues:
  
  If the error occurred after a transport request, ensure that all necessary configurations were transported correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional guidance on fiscal year variants and their configuration.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines how the fiscal year is structured, including the number of 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.
  Transaction Codes:
  
  OB29: Maintain Fiscal Year Variant
  OB37: Define Fiscal Year Variant
  OBY6: Assign Company Code to Fiscal Year Variant
  
  
  
  If the issue persists after checking these configurations, it may be necessary to consult with your SAP Basis or functional team for further investigation.