How To Fix FMMP031 - Specify a default fiscal year for overall values

SAP Error Message - Details

• Message type: E = Error

• Message class: FMMP - Message class for mass process

• Message number: 031

• Message text: Specify a default fiscal year for overall values

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMMP031 - Specify a default fiscal year for overall values ?

  The SAP error message FMMP031 ("Specify a default fiscal year for overall values") typically occurs in the context of the Funds Management (FM) module when you are trying to process a transaction that requires a fiscal year to be specified, but it has not been set up correctly in the system.
  
  Cause:
  
  Missing Default Fiscal Year: The system requires a default fiscal year to be defined for overall values in the Funds Management settings, and this has not been configured.
  
  Configuration Issues: There may be issues in the configuration of the Funds Management module, particularly in the settings related to fiscal years.
  Transaction Context: The transaction you are trying to execute may require a fiscal year to be specified, and it is not being provided in the input.
  
  
  Solution:
  To resolve the FMMP031 error, you can follow these steps:
  
  
  Define Default Fiscal Year:
  
  Go to the SAP Easy Access screen.
  Navigate to the Funds Management configuration settings. This is