How To Fix GMAVC247 - You must first re-initialize the fiscal year &1

GMAVC247 - Overview

• Message type: E = Error

• Message class: GMAVC - Message class for Grant Management AVC

• Message number: 247

• Message text: You must first re-initialize the fiscal year &1

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GMAVC247 - You must first re-initialize the fiscal year &1 ?

  The SAP error message GMAVC247, which states "You must first re-initialize the fiscal year &1," typically occurs in the context of the SAP Public Sector Management (PSM) module, particularly when dealing with budgetary control and fiscal year settings.
  
  Cause:
  This error usually arises when there is an attempt to perform a budget-related operation (like posting or planning) for a fiscal year that has not been properly initialized. The initialization process is crucial as it sets up the necessary structures and data for the fiscal year in question.
  
  Solution:
  To resolve this error, you need to re-initialize the fiscal year specified in the error message. Here are the steps to do this:
  
  
  Access the Transaction Code:
  
  Use transaction code FMX1 (for the Public Sector Management module) to initialize the fiscal year.
  
  
  
  Select the Fiscal Year:
  
  Enter the fiscal year number that is indicated in the error message.
  
  
  
  Re-initialize the Fiscal Year:
  
  Follow the prompts to complete the initialization process. This may