How To Fix FT074 - A fiscal year indicator should be entered

SAP Error Message - Details

• Message type: E = Error

• Message class: FT - FI Table Maintenance Error Messages

• Message number: 074

• Message text: A fiscal year indicator should be entered

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FT074 - A fiscal year indicator should be entered ?

  The SAP error message FT074, which states "A fiscal year indicator should be entered," typically occurs in the context of financial transactions or configurations where a fiscal year indicator is required but not provided. This error can arise in various scenarios, such as during the posting of financial documents, configuration of financial settings, or when creating or modifying master data.
  Cause:
  
  Missing Fiscal Year Indicator: The fiscal year indicator is not specified in the transaction or configuration where it is required.
  Incorrect Configuration: The configuration settings for the company code or the relevant financial area may not have a fiscal year indicator defined.
  Master Data Issues: The master data for accounts, cost centers, or other financial objects may not have the fiscal year indicator set up correctly.
  
  Solution:
  
  
  Enter Fiscal Year Indicator:
  
  When prompted with the error, check the transaction or configuration screen to see if there is a field for the fiscal year indicator. Enter the appropriate fiscal year indicator (e.g., 0 for calendar year, 1 for fiscal year).
  
  
  
  Check Company Code Settings:
  
  Navigate to the configuration settings for the company code (Transaction Code: OBBP) and ensure that the fiscal year variant is correctly assigned to the company code.
  Ensure that the fiscal year variant is properly defined in the configuration (Transaction Code: OB29).
  
  
  
  Review Master Data:
  
  Check the master data for the relevant accounts or cost centers to ensure that the fiscal year indicator is set correctly. You can do this by using transaction codes like FS00 (for G/L accounts) or KS01 (for cost centers).
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct fiscal year indicator to use, consult your organization's financial documentation or reach out to your finance team for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, try to repeat the transaction that caused the error to ensure that it has been resolved.
  
  
  
  Related Information:
  
  
  Fiscal Year Variants: In SAP, fiscal year variants define how the fiscal year is structured (e.g., number of periods, special periods). Ensure that the fiscal year variant is correctly set up and assigned to the relevant company code.
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBBP: Configure company code settings.
  OB29: Define fiscal year variants.
  FS00: Create or change G/L accounts.
  KS01: Create cost centers.
  
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or additional guidance provided by SAP.
  
  
  By following these steps, you should be able to resolve the FT074 error and ensure that the fiscal year indicator is correctly entered in your SAP system.