Message type: E = Error
Message class: FR - Messages for FI Reporting
Message number: 557
Message text: Incorrect fiscal year variant in company code &
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The SAP error message FR557 indicates that there is an issue with the fiscal year variant assigned to a company code. This error typically arises when the fiscal year variant configured for the company code does not match the fiscal year variant expected by the system for the transaction being processed.
Cause: Mismatch in Fiscal Year Variant: The fiscal year variant assigned to the company code does not correspond to the fiscal year variant defined in the financial document or transaction. Incorrect Configuration: The fiscal year variant may not be properly configured in the system, or the company code may not be assigned to the correct fiscal year variant. Transaction Type: The transaction being processed may require a different fiscal year variant than what is currently assigned to the company code.
Solution: Check Company Code Configuration: Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings >
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