How To Fix H1481 - No subsequent financial/fiscal year defined

SAP Error Message - Details

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 481

• Message text: No subsequent financial/fiscal year defined

What causes this issue?

You tried to carry forward the overall budget into the subsequent
financial/fiscal year.
You cannot do this because:
The overall budget is integrated with <zh>Funds Management</>, amd the
budget hierarchy for the subsequent fiscal year has not been generated
yet
or
The overall budget is not an integrated overall budget, but the
subsequent financial year has not been defined yet.

System Response

Unable to carry forward overall budget.

How to fix this error?

If the overall budget is integrated with Funds Management, generate the
budget hierarchy for HR Funds and Position Management <zh>in Funds
Management</>.
If the overall budget is not integrated, define the subsequent
financial year in Customizing (or contact your system administrator
about this).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1481 - No subsequent financial/fiscal year defined ?

  The SAP error message H1481, which states "No subsequent financial/fiscal year defined," typically occurs when you are trying to perform a financial transaction or posting that requires a subsequent fiscal year to be defined in the system, but it is not set up.
  Cause:
  
  Fiscal Year Not Defined: The most common cause is that the fiscal year has not been defined in the system for the period you are trying to post to.
  Configuration Issues: There may be issues with the configuration of the fiscal year variant or the posting periods.
  Year-End Closing: If the fiscal year has been closed and no subsequent year has been defined, this error can occur.
  Missing Settings: The settings for the financial year variant may not be properly maintained in the system.
  
  Solution:
  
  
  Define the Subsequent Fiscal Year:
  
  Go to the SAP transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant).
  Check if the fiscal year variant is correctly defined and if the subsequent fiscal year is set up.
  If not, create or adjust the fiscal year settings to include the subsequent year.
  
  
  
  Check Posting Periods:
  
  Use transaction code OB52 to check the posting periods. Ensure that the periods for the subsequent fiscal year are open for posting.
  If necessary, open the required periods for the new fiscal year.
  
  
  
  Year-End Closing:
  
  If the fiscal year has been closed, you may need to reopen it or ensure that the subsequent year is properly defined and open for transactions.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP administrator for specific configurations related to your organization’s fiscal year setup.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines how the fiscal year is structured, including the number of periods and special periods.
  Posting Periods: These are the time frames during which financial transactions can be posted in the system.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Financial Accounting (FI) within SAP.