How To Fix FMIS024 - Fiscal Year

SAP Error Message - Details

• Message type: E = Error

• Message class: FMIS - Information system texts

• Message number: 024

• Message text: Fiscal Year

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMIS024 - Fiscal Year ?

  The SAP error message FMIS024 typically relates to issues with the fiscal year in the context of Funds Management (FM) or Financial Accounting (FI). The error message usually indicates that there is a problem with the fiscal year settings or the fiscal year variant in the system.
  Cause:
  
  Incorrect Fiscal Year Variant: The fiscal year variant assigned to the company code or the controlling area may not match the fiscal year being referenced in the transaction.
  Closed Fiscal Year: The fiscal year you are trying to post to may be closed, meaning that no further postings can be made to that year.
  Mismatch in Periods: The posting period may not be open for the specified fiscal year.
  Configuration Issues: There may be configuration issues in the Funds Management settings or in the Financial Accounting settings related to fiscal year handling.
  
  Solution:
  
  
  Check Fiscal Year Variant: Verify that the fiscal year variant assigned to the company code or controlling area is correct and matches the fiscal year you are trying to work with.
  
  Navigate to SPRO ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year ? Define Fiscal Year Variants.
  
  
  
  Open Posting Periods: Ensure that the posting periods for the fiscal year are open. You can check this in the transaction OB52 (Open and Close Posting Periods).
  
  
  Review Closed Years: If the fiscal year is closed, you may need to reopen it if necessary, or ensure that you are posting to an open fiscal year.
  
  
  Configuration Review: Review the configuration settings in both Funds Management and Financial Accounting to ensure they are set up correctly for the fiscal year you are working with.
  
  
  Transaction Code Check: Ensure that you are using the correct transaction codes and that they are configured to allow postings in the desired fiscal year.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for posting periods), SPRO (for configuration), and FMAVCR01 (for checking budget availability).
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year settings and Funds Management.
  User Roles: Ensure that you have the necessary authorizations to make changes to fiscal year settings or to post in the desired periods.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP Basis or Finance team for further investigation or to check for any system-specific configurations that may be affecting the fiscal year handling.