How To Fix FMCF501 - Year-dependent master data maintenance active in FM area &

FMCF501 - Overview

• Message type: E = Error

• Message class: FMCF -

• Message number: 501

• Message text: Year-dependent master data maintenance active in FM area &

What causes this issue?

You have activated multi-year master data in FM area &V1&. Multi-year
master data is not supported in the system setting (
<DS:SIMG.PSM_V_FMPBETMA>Activate Multi-Year Budget</>).

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?

Use year-independent master data instead and define the validity of the
FM account assignment using a
<DS:GLOS.3405EC899EEB4E4DA3DF3D432D4A4904>budget ID</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FMCF501 - Details

• The SAP error message FMCF501 indicates that year-dependent master data maintenance is active in a specific Funds Management (FM) area. This typically occurs when you are trying to perform an operation that is not allowed due to the settings in the Funds Management configuration.
  
  Cause:
  The error arises when:
  
  Year-dependent master data maintenance is enabled for the FM area, which means that certain data can only be maintained for specific fiscal years.
  You are attempting to access or modify master data that is not valid for the current fiscal year or does not exist for the specified year.
  
  
  Solution:
  To resolve the FMCF501 error, you can take the following steps:
  
  
  Check the Fiscal Year: Ensure that you are working within the correct fiscal year. If you are trying to access data for a year that is not currently active, you may need to switch to the appropriate year.
  
  
  Maintain Master Data: If you need to create or modify