How To Fix FMCF705 - Year of cash effectivity &1 is later than fiscal year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FMCF -

• Message number: 705

• Message text: Year of cash effectivity &1 is later than fiscal year &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMCF705 - Year of cash effectivity &1 is later than fiscal year &2 ?

  The SAP error message FMCF705 indicates that there is a mismatch between the year of cash effectivity and the fiscal year in your financial transaction. Specifically, it means that the cash effectivity year (the year in which a cash flow is effective) is later than the fiscal year that is currently being processed.
  Cause:
  
  Incorrect Cash Flow Configuration: The cash flow might have been configured with a cash effectivity year that is set to a future year, which is not allowed when processing transactions for the current fiscal year.
  Data Entry Error: There may have been a mistake in entering the cash flow data, leading to an incorrect year being specified.
  System Settings: The fiscal year settings in the system may not align with the cash flow settings, causing discrepancies.
  
  Solution:
  
  Check Cash Flow Configuration: Review the configuration of the cash flow in question. Ensure that the cash effectivity year is set correctly and is not in the future relative to the fiscal year you are processing.
  Adjust Data Entry: If the cash effectivity year was entered incorrectly, correct it to match the fiscal year or a valid year that is not in the future.
  Review Fiscal Year Settings: Ensure that the fiscal year settings in your SAP system are correctly configured and that they align with the cash flow settings.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on cash flow management and fiscal year settings.
  Contact Support: If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FSP0 (to maintain cash flow) or OB29 (to configure fiscal year variants) to make necessary adjustments.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Testing: After making changes, perform tests to ensure that the error does not reoccur and that transactions can be processed without issues.
  
  By following these steps, you should be able to resolve the FMCF705 error and ensure that your cash flow and fiscal year settings are correctly aligned.