How To Fix FINS_FI_HRRP071 - Hierarchy &1 is/are of FSV type, the Valid From date is ignored.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_HRRP - Message class for HRRP

• Message number: 071

• Message text: Hierarchy &1 is/are of FSV type, the Valid From date is ignored.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_HRRP071 - Hierarchy &1 is/are of FSV type, the Valid From date is ignored. ?

  The SAP error message FINS_FI_HRRP071 indicates that there is an issue related to the Financial Statement Version (FSV) hierarchy in the context of financial reporting. Specifically, the message states that the hierarchy you are trying to use is of FSV type, and therefore, the "Valid From" date is being ignored.
  Cause:
  
  Hierarchy Type: The error occurs because the hierarchy you are working with is defined as a Financial Statement Version (FSV). In this case, the "Valid From" date is not applicable, as FSVs do not utilize validity periods in the same way that other hierarchies might.
  Configuration Issue: There may be a misconfiguration in the way the FSV or the hierarchy is set up in the system.
  Data Entry Error: The user may have inadvertently entered a "Valid From" date for an FSV hierarchy, which is not required.
  
  Solution:
  
  Check Hierarchy Type: Verify that the hierarchy you are using is indeed an FSV type. If you intended to use a different type of hierarchy, you may need to select the correct one.
  Remove Valid From Date: If you are working with an FSV, you can ignore the "Valid From" date, as it does not apply. Ensure that you do not enter a "Valid From" date when working with FSV hierarchies.
  Review Configuration: If you believe the hierarchy should allow for a "Valid From" date, review the configuration settings in the SAP system to ensure that it is set up correctly.
  Consult Documentation: Refer to SAP documentation or help resources for more information on how FSVs are structured and how to properly configure hierarchies.
  
  Related Information:
  
  Financial Statement Version (FSV): This is a structure used in SAP to define how financial statements are presented. It includes the arrangement of accounts and the layout of the financial statements.
  Hierarchy Management: In SAP, hierarchies are used to organize and categorize data. Understanding the different types of hierarchies and their configurations is crucial for accurate reporting.
  SAP Notes and Support: If the issue persists or if you need further assistance, consider checking SAP Notes or reaching out to SAP support for more specific guidance related to your system configuration.
  
  By following these steps, you should be able to resolve the error message and ensure that your financial reporting is set up correctly.