How To Fix FMKU021 - Fiscal year &1 does not correspond to the posting date entered

SAP Error Message - Details

• Message type: E = Error

• Message class: FMKU - FM budgeting, kernel utilities

• Message number: 021

• Message text: Fiscal year &1 does not correspond to the posting date entered

What causes this issue?

The system automatically determines the fiscal year from the posting
date entered. However, the fiscal year you have entered, &V1&, differs
from the posting date.

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?

Either do not enter a fiscal year or enter the fiscal year that
corresponds to the posting date.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMKU021 - Fiscal year &1 does not correspond to the posting date entered ?

  The SAP error message FMKU021 indicates that there is a mismatch between the fiscal year defined in the system and the posting date you are trying to use for a financial transaction. This error typically occurs in the context of Funds Management (FM) when the fiscal year of the document does not align with the fiscal year of the posting date.
  Cause:
  
  Mismatched Fiscal Year: The fiscal year defined in the system for the transaction does not match the fiscal year of the posting date you have entered.
  Incorrect Posting Date: The posting date may be set to a date that falls outside the defined fiscal year in the system.
  Configuration Issues: There may be configuration issues in the fiscal year variant settings or the posting periods.
  
  Solution:
  
  Check Posting Date: Verify the posting date you are using. Ensure that it falls within the correct fiscal year as defined in your SAP system.
  Review Fiscal Year Settings: Go to the configuration settings for the fiscal year variant in SAP and ensure that the fiscal year is correctly defined and that the posting periods are open for the date you are trying to use.
  Adjust Posting Date: If the posting date is incorrect, adjust it to a date that is valid for the fiscal year you are working with.
  Consult with Finance Team: If you are unsure about the fiscal year settings or the correct posting date, consult with your finance or accounting team to ensure compliance with financial policies.
  Transaction Codes: Use transaction codes like OB29 to check and modify fiscal year variants or FMX1 to check the funds management settings.
  
  Related Information:
  
  Fiscal Year Variant: This defines how the fiscal year is structured, including the number of periods and special periods.
  Posting Periods: Ensure that the posting periods are open for the fiscal year you are trying to post to. You can check this in the transaction code OB52.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year settings or the FM module.
  
  By following these steps, you should be able to resolve the FMKU021 error and successfully post your transaction.