How To Fix FINO_IS001 - Selected company codes must have the same fiscal year variant

SAP Error Message - Details

• Message type: E = Error

• Message class: FINO_IS - Information system Norway - messages

• Message number: 001

• Message text: Selected company codes must have the same fiscal year variant

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINO_IS001 - Selected company codes must have the same fiscal year variant ?

  The SAP error message FINO_IS001 indicates that the selected company codes in a financial transaction or report do not share the same fiscal year variant. This is a common issue when dealing with multiple company codes in SAP, especially in financial reporting or consolidation scenarios.
  Cause:
  The error occurs because:
  
  Each company code in SAP can have its own fiscal year variant, which defines the start and end of the fiscal year, as well as the number of posting periods.
  When you attempt to perform a transaction or generate a report that involves multiple company codes, SAP requires that all selected company codes have the same fiscal year variant to ensure consistency in financial reporting.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Fiscal Year Variants:
  
  Go to the transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variants).
  Review the fiscal year variants assigned to the company codes involved in the transaction.
  
  
  
  Align Fiscal Year Variants:
  
  If the company codes have different fiscal year variants, you will need to either:
  
  Change the fiscal year variant of one or more company codes to match the others.
  If changing is not feasible due to business requirements, consider separating the transactions or reports to only include company codes with the same fiscal year variant.
  
  
  
  
  
  Adjust Transaction Parameters:
  
  If applicable, modify the parameters of the transaction or report to exclude company codes with differing fiscal year variants.
  
  
  
  Consult with Finance Team:
  
  Discuss with your finance team or SAP consultant to understand the implications of changing fiscal year variants and ensure that it aligns with your organization's financial policies.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This is a configuration in SAP that defines how the fiscal year is structured, including the number of periods and special periods.
  Company Code: This is the smallest organizational unit in SAP for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (to assign fiscal year variants to company codes) and OBY1 (to create or change company codes).
  
  Additional Considerations:
  
  Changing fiscal year variants can have significant implications for financial reporting and should be done with caution.
  Always back up your configuration and consult with your SAP Basis or functional team before making changes to the system.
  
  By following these steps, you should be able to resolve the FINO_IS001 error and proceed with your financial transactions or reporting in SAP.