How To Fix FM_FAGL_REORG003 - Fiscal year variant is not determined for ledger &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FM_FAGL_REORG - Reorganization: Funds Management

• Message number: 003

• Message text: Fiscal year variant is not determined for ledger &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 ledger &V1& for company code &V2&.
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 ledger &V1& and company code &V2&.

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

INCLUDE NA_PSM_CUSTOMIZ OBJECT DOKU ID TX

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FM_FAGL_REORG003 - Fiscal year variant is not determined for ledger &1 ?

  The SAP error message FM_FAGL_REORG003 indicates that the fiscal year variant is not determined for a specific ledger. This error typically arises in the context of financial accounting and can occur during processes such as data reorganization or when trying to post transactions.
  Cause:
  The primary cause of this error is that the system cannot find a fiscal year variant associated with the specified ledger. This can happen due to several reasons:
  
  Missing Configuration: The fiscal year variant has not been defined for the ledger in question.
  Incorrect Ledger Assignment: The ledger may not be correctly assigned to the company code or the fiscal year variant.
  Data Inconsistencies: There may be inconsistencies in the configuration settings or data entries related to the ledger and fiscal year variant.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Ledger Configuration:
  
  Go to the SAP transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Account > Prepare G/L Account Creation).
  Verify that the ledger in question is correctly configured and that a fiscal year variant is assigned to it.
  
  
  
  Assign Fiscal Year Variant:
  
  If the fiscal year variant is missing, you need to assign it to the ledger. This can be done in the same configuration area where you checked the ledger settings.
  Ensure that the fiscal year variant is also assigned to the relevant company code.
  
  
  
  Check Company Code Settings:
  
  Use transaction code OBY6 to check the company code settings and ensure that the fiscal year variant is correctly assigned to the company code that is associated with the ledger.
  
  
  
  Review Financial Management Settings:
  
  If you are using the Funds Management module, ensure that the fiscal year variant is also set up correctly in the Funds Management settings.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to perform the action that previously resulted in the error.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for ledger settings), OBY6 (for company code settings), and FMX1 (for Funds Management settings).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FM_FAGL_REORG003 error and ensure that the fiscal year variant is correctly determined for the specified ledger.