How To Fix FMMD_E016 - Fiscal year could not derived for date &1, &2, system will use year &3

FMMD_E016 - Overview

• Message type: E = Error

• Message class: FMMD_E - Funds Management Master Data

• Message number: 016

• Message text: Fiscal year could not derived for date &1, &2, system will use year &3

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMMD_E016 - Fiscal year could not derived for date &1, &2, system will use year &3 ?

  The SAP error message FMMD_E016 indicates that the system was unable to derive the fiscal year for a specific date. This can occur in various scenarios, such as during the posting of financial documents, when executing reports, or when performing other financial transactions.
  
  Cause:
  The error typically arises due to one of the following reasons:
  
  
  Incorrect Date Configuration: The date provided does not fall within the defined fiscal year periods in the system. This can happen if the fiscal year variant is not set up correctly or if the date is outside the range of the fiscal year.
  
  
  Fiscal Year Variant Issues: The fiscal year variant assigned to the company code may not be properly configured, or there may be inconsistencies in the fiscal year settings.
  
  
  Missing or Incorrect Periods: The posting period for the specified date may be closed or not open for posting, leading to the inability to derive the fiscal year.
  
  
  Custom Code