How To Fix FM_FAGL_REORG002 - Fiscal year variant is not determined for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FM_FAGL_REORG - Reorganization: Funds Management

• Message number: 002

• Message text: Fiscal year variant is not determined for company code &1

What causes this issue?

You want to change the account assignment for certain documents. This
would mean that values in the general ledger would have to be
transferred.
For the transfer posting, the system tried to determine the transfer
posting period of company code &V1&. The fiscal year variant of ledger
could not be determined.

System Response

The documents could not be reassigned.

How to fix this error?

Check the Customizing settings for company code &V1&.
INCLUDE NA_PSM_CUSTOMIZ OBJECT DOKU ID TX

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FM_FAGL_REORG002 - Fiscal year variant is not determined for company code &1 ?

  The SAP error message FM_FAGL_REORG002 indicates that the fiscal year variant has not been determined for a specific company code. This error typically arises during financial operations, such as posting or executing reports, where the system requires a fiscal year variant to process the data correctly.
  Cause:
  
  Missing Configuration: The fiscal year variant has not been assigned to the company code in the system configuration.
  Incorrect Settings: The fiscal year variant may be incorrectly set up or not linked to the relevant company code.
  Data Migration Issues: If data has been migrated from another system, the fiscal year variant may not have been properly transferred or configured.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Assign Company Code to Fiscal Year Variant.
  Ensure that the fiscal year variant is assigned to the relevant company code.
  
  
  
  Assign Fiscal Year Variant:
  
  If the fiscal year variant is not assigned, you can assign it by selecting the company code and choosing the appropriate fiscal year variant from the list.
  
  
  
  Verify Fiscal Year Variant Settings:
  
  Check the settings of the fiscal year variant to ensure it is correctly configured. This can be done under SPRO > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Variant.
  
  
  
  Check for Data Migration Issues:
  
  If the error occurred after a data migration, verify that all necessary configurations were migrated correctly. You may need to reconfigure the fiscal year variant for the company code.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines the fiscal year and the posting periods within that year. It is crucial for financial reporting and compliance.
  Company Code: This is the smallest organizational unit in financial accounting for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: You may use transaction codes like OB29 (to maintain fiscal year variants) and OBY6 (to assign fiscal year variants to company codes) for configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.