How To Fix GL298 - Fiscal year variant is missing for ledger & and company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GL - FI-SL Rollup

• Message number: 298

• Message text: Fiscal year variant is missing for ledger & and company code &

What causes this issue?

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

System Response

How to fix this error?

Enter a valid fiscal year variant for this combination in customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GL298 - Fiscal year variant is missing for ledger & and company code & ?

  The SAP error message GL298 indicates that there is a missing fiscal year variant for a specific ledger and company code. This error typically occurs when you attempt to perform a financial transaction or reporting activity in SAP, and the system cannot find the necessary fiscal year variant configuration for the specified ledger and company code.
  Cause:
  
  Missing Configuration: The fiscal year variant has not been defined for the specified company code and ledger in the system.
  Incorrect Assignment: The fiscal year variant may not be correctly assigned to the company code or ledger.
  Data Migration Issues: If data has been migrated from another system, the fiscal year variant may not have been set up correctly.
  
  Solution:
  To resolve the GL298 error, follow these steps:
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Reference IMG) ? Financial Accounting (New) ? Financial Accounting Global Settings (New) ? Fiscal Year Change ? Define Fiscal Year Variant.
  Ensure that the fiscal year variant is defined and configured correctly.
  
  
  
  Assign Fiscal Year Variant to Company Code:
  
  In the same SPRO path, navigate to Assign Fiscal Year Variant to Company Code.
  Check if the fiscal year variant is assigned to the relevant company code. If not, assign it.
  
  
  
  Check Ledger Configuration:
  
  If you are using a new ledger (like the new General Ledger), ensure that the ledger is configured correctly and that it has the appropriate fiscal year variant assigned.
  Navigate to SPRO ? Financial Accounting (New) ? General Ledger Accounting (New) ? Master Data ? G/L Accounts ? Prepare for Migration ? Define Ledgers.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Consult Documentation: If you are unsure about the fiscal year variant settings, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  Related Information:
  
  Fiscal Year Variant: This defines the structure of the fiscal year, including the number of posting periods and special periods.
  Company Code: This is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Ledger: In the context of SAP, a ledger is a record of all financial transactions for a company code.
  
  If the issue persists after following these steps, it may be necessary to check for any additional configuration or consult with SAP support for further assistance.