How To Fix FIKW_LOC553 - Beginning date for the period &1 and company code &2 was not found

SAP Error Message - Details

• Message type: E = Error

• Message class: FIKW_LOC - FI Localization for Kuwait

• Message number: 553

• Message text: Beginning date for the period &1 and company code &2 was not found

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 FIKW_LOC553 - Beginning date for the period &1 and company code &2 was not found ?

  The SAP error message FIKW_LOC553 indicates that the system could not find a beginning date for the specified period and company code. This error typically arises in the context of financial transactions, particularly when dealing with fiscal periods and their associated dates.
  Cause:
  
  Missing Configuration: The fiscal year variant for the specified company code may not be properly configured, or the beginning date for the specified period may not have been defined in the system.
  Incorrect Period: The period you are trying to access may not exist or may have been closed.
  Company Code Issues: The company code specified may not have any valid fiscal periods defined.
  Data Entry Errors: There may be a typo or incorrect entry in the transaction that is causing the system to look for a non-existent period.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings for the fiscal year variant in SAP (Transaction code: OB29).
  Ensure that the fiscal year variant assigned to the company code is correctly set up and that the beginning date for the specified period is defined.
  
  
  
  Verify Period Status:
  
  Check the status of the fiscal periods for the company code (Transaction code: OB52).
  Ensure that the period you are trying to access is open and has a valid beginning date.
  
  
  
  Review Company Code Settings:
  
  Confirm that the company code is correctly configured and that it has the necessary fiscal periods defined.
  
  
  
  Correct Data Entry:
  
  Double-check the transaction data you are entering to ensure that the period and company code are correct.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant or period settings, refer to SAP documentation or consult with your SAP administrator for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Configure fiscal year variant.
  OB52: Open and close posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal periods and company codes.
  User Roles: Ensure that you have the necessary permissions to view and modify fiscal year settings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.