How To Fix FINS_FI_SIF035 - No fiscal year variant found for ledger &1/company code &2

FINS_FI_SIF035 - Overview

• Message type: E = Error

• Message class: FINS_FI_SIF - SAP S/4HANA Finance: Subsequent Implementation of Functions

• Message number: 035

• Message text: No fiscal year variant found for ledger &1/company code &2

What causes this issue?

If a company code is used in Asset Accounting, the system checks for the
existence of fiscal year variants for this company code in the source
ledger and the target ledger.
Furthermore, these fiscal year variants must be the same in both
ledgers.

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 relevant customizing settings in the Customizing activity
<DS:SIMG.FINSVC_LEDGER>Define Settings for Ledgers and Currency Types.
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Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_FI_SIF035 - Details

• The SAP error message FINS_FI_SIF035 indicates that there is no fiscal year variant assigned to the specified ledger and company code. This error typically occurs when you are trying to perform a financial transaction or reporting that requires a fiscal year variant, but the system cannot find one for the specified parameters.
  
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant has not been defined for the specified ledger and company code.
  Incorrect Configuration: The configuration settings for the ledger or company code may not be set up correctly.
  Data Entry Error: There may be a typo or incorrect entry in the ledger or company code when executing the transaction.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the SAP transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variants).
  Verify that the fiscal year