How To Fix FR557 - Incorrect fiscal year variant in company code &

FR557 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 557

• Message text: Incorrect fiscal year variant in company code &

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

FR557 - Details

• 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 >