How To Fix GI172 - FY variant & not defined (Ld &, CoID &)

GI172 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 172

• Message text: FY variant & not defined (Ld &, CoID &)

What causes this issue?

The system could not determine a posting period with this posting date,
since the fiscal year variant of the ledger is not defined.

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?

Check the posting period definition (T009A/T009B) or the entries
for your ledger /T881).

Error message extract from SAP system. Copyright SAP SE.

GI172 - Details

• The SAP error message GI172 typically indicates that there is an issue with the fiscal year variant not being defined for a specific company code in the system. This error can occur during various financial transactions, such as posting documents or running reports, where the system requires a fiscal year variant to determine the fiscal periods.
  
  Cause:
  
  Fiscal Year Variant Not Defined: The fiscal year variant for the specified company code is not set up in the system.
  Incorrect Configuration: The fiscal year variant may not be assigned correctly to the company code in the configuration settings.
  Missing Master Data: The necessary master data for the company code or fiscal year variant may be incomplete or missing.
  
  
  Solution:
  To resolve the GI172 error, follow these steps:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year ? Define Fiscal Year Variants.
  Ensure that