How To Fix KC005 - Fiscal year variant & does not exist

KC005 - Overview

• Message type: E = Error

• Message class: KC - Cost Collector

• Message number: 005

• Message text: Fiscal year variant & does not exist

What causes this issue?

Fiscal year variant &v1& is assigned to controlling area &v2&. However,
this fiscal year variant does not exist.

System Response

Processing was terminated.

How to fix this error?

Assign a valid fiscal year variant to controlling area &v2& or create
fiscal year variant &v1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KC005 - Fiscal year variant & does not exist ?

  The SAP error message KC005 indicates that the fiscal year variant specified in your configuration does not exist or is not recognized by the system. This error typically occurs in the context of controlling (CO) or financial accounting (FI) when trying to post transactions or generate reports that require a valid fiscal year variant.
  
  Cause:
  
  Incorrect Configuration: The fiscal year variant may not have been set up correctly in the system.
  Missing Variant: The fiscal year variant you are trying to use has not been defined in the system.
  Incorrect Assignment: The fiscal year variant may not be assigned to the company code or controlling area you are working with.
  Typographical Error: There may be a typo in the fiscal year variant code being used in the transaction.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to SPRO (SAP Project Reference Object).
  Follow the path: Financial Accounting (New) > Financial Accounting Global Settings (New) >