How To Fix G3118 - FY variant missing for cons unit &1 (dimension &2) and ledger &3

SAP Error Message - Details

• Message type: E = Error

• Message class: G3 - Messages for SAP Consolidation: Integration

• Message number: 118

• Message text: FY variant missing for cons unit &1 (dimension &2) and ledger &3

What causes this issue?

The cons unit &V1& in the dimension &V2& is not assigned a fiscal year
variant for the ledger &V3&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the assignment of the fiscal year variant for cons unit &V1&
in dimension &V2& for the ledger &V3& in the Customizing of
consolidation.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G3118 - FY variant missing for cons unit &1 (dimension &2) and ledger &3 ?

  The SAP error message G3118 indicates that there is a missing fiscal year variant for a specific combination of controlling unit, dimension, and ledger. This error typically arises in the context of financial reporting or when trying to execute transactions that require fiscal year data.
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant for the specified controlling unit (cons unit), dimension, and ledger is not defined in the system.
  Configuration Issues: The configuration settings for the controlling area or ledger may not be properly set up, leading to the absence of the required fiscal year variant.
  Data Entry Errors: There may be a mistake in the data entry where the fiscal year variant is not correctly assigned to the controlling unit or ledger.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Controlling > General Controlling > Fiscal Year Change.
  Ensure that the fiscal year variant is defined for the controlling area and that it is assigned to the relevant controlling unit and ledger.
  
  
  
  Assign Fiscal Year Variant:
  
  If the fiscal year variant is missing, you may need to create a new fiscal year variant or assign an existing one to the controlling unit and ledger.
  Use transaction code OB29 to manage fiscal year variants.
  
  
  
  Review Master Data:
  
  Check the master data for the controlling unit and ensure that the fiscal year variant is correctly assigned.
  Use transaction codes like OKKP (Controlling Area) to review the settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for specific details on fiscal year variants and their configuration.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines how the fiscal year is structured, including the number of periods and special periods.
  Controlling Area: This is an organizational unit in SAP that represents a closed system used for cost accounting.
  Ledger: In SAP, a ledger is a record of all financial transactions for a specific accounting purpose.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional consultant for further investigation.