How To Fix GI705 - Check the fiscal year

GI705 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 705

• Message text: Check the fiscal year

What causes this issue?

You have not entered the fiscal year correctly.

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?

Please check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI705 - Check the fiscal year ?

  The SAP error message GI705, which states "Check the fiscal year," typically occurs when there is a mismatch or inconsistency related to the fiscal year settings in the system. This error can arise in various scenarios, such as during posting transactions, running reports, or executing certain financial operations.
  Causes of GI705 Error
  
  Fiscal Year Variant Issues: The fiscal year variant assigned to the company code may not match the fiscal year settings in the transaction being processed.
  Incorrect Posting Period: The posting period may be closed or not open for the fiscal year in question.
  Configuration Errors: There may be configuration issues in the financial settings, such as incorrect fiscal year settings in the controlling area or company code.
  Data Entry Errors: Users may inadvertently enter a fiscal year that does not exist or is not valid for the current transaction.
  
  Solutions to GI705 Error
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings in SAP (Transaction Code: