How To Fix FZ343 - Fiscal year variant & is not defined for comp.code &

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 343

• Message text: Fiscal year variant & is not defined for comp.code &

What causes this issue?

Fiscal year variant &V1& defined for the company code was deleted.

System Response

Payments in company code &V2& cannot be created.

How to fix this error?

<ZH>Procedure for the system administrator</>
Create the fiscal year variant again <DS:TRAN.OB29>Proceed</> or
allocate a valid fiscal year variant to the company code
<DS:TRAN.OBY6>Proceed</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ343 - Fiscal year variant & is not defined for comp.code & ?

  The SAP error message FZ343 indicates that the fiscal year variant is not defined for the specified company code. This error typically occurs when you are trying to perform a financial transaction or reporting activity that requires a fiscal year variant, but the system cannot find a valid configuration for the specified company code.
  Cause:
  
  Missing Configuration: The fiscal year variant has not been assigned to the company code in the system.
  Incorrect Company Code: The company code specified in the transaction may not be correctly set up or may not exist.
  Fiscal Year Variant Not Defined: The fiscal year variant itself may not be defined in the system.
  
  Solution:
  To resolve the FZ343 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for Migration > Define Company Code).
  Verify that the company code in question is correctly defined and active.
  
  
  
  Assign Fiscal Year Variant:
  
  In the same configuration area, check if a fiscal year variant is assigned to the company code.
  If not, you can assign a fiscal year variant by selecting the company code and specifying the appropriate fiscal year variant.
  
  
  
  Define Fiscal Year Variant:
  
  If the fiscal year variant does not exist, you can create it using transaction code OB29.
  Define the fiscal year variant according to your organization's requirements (e.g., calendar year, fiscal year, etc.).
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported from another system, ensure that the transport was successful and that all necessary configurations were included.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This is a configuration in SAP that defines how the fiscal year is structured (e.g., number of periods, special periods).
  Company Code: This is the smallest organizational unit in SAP for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for company code settings and OB29 for fiscal year variant settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or Finance team for further investigation.