How To Fix FT012 - No postings are possible without fiscal year variants

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 012

• Message text: No postings are possible without fiscal year variants

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FT012 - No postings are possible without fiscal year variants ?

  The SAP error message FT012 ("No postings are possible without fiscal year variants") typically occurs when you attempt to post a transaction in the Financial Accounting (FI) module without having a fiscal year variant defined for the company code or the relevant posting period. This error indicates that the system cannot determine the fiscal year settings necessary for processing the transaction.
  Cause:
  
  Missing Fiscal Year Variant: The company code does not have a fiscal year variant assigned.
  Incorrect Configuration: The fiscal year variant may not be properly configured or linked to the company code.
  Posting Period Not Open: The posting period may not be open for the fiscal year in which you are trying to post.
  
  Solution:
  To resolve the FT012 error, follow these steps:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO ? IMG ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year Change ? Define Fiscal Year Variants.
  Ensure that a fiscal year variant is defined and assigned to the relevant company code.
  
  
  
  Assign Fiscal Year Variant to Company Code:
  
  In the same configuration area, check if the fiscal year variant is assigned to the company code.
  If not, assign the appropriate fiscal year variant to the company code.
  
  
  
  Check Posting Periods:
  
  Navigate to SPRO ? IMG ? Financial Accounting ? Financial Accounting Global Settings ? Posting Periods ? Open and Close Posting Periods.
  Ensure that the posting period for the fiscal year you are trying to post to is open.
  
  
  
  Review Configuration:
  
  If you have recently made changes to the fiscal year variant or company code settings, ensure that all configurations are correct and consistent.
  
  
  
  Test Posting:
  
  After making the necessary changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured (e.g., number of periods, special periods).
  Company Code: This is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Posting Periods: These are defined time frames during which financial transactions can be recorded in the system.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP administrator or support team for further investigation.