How To Fix KD012 - No fiscal year variant defined for CO area &

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 012

• Message text: No fiscal year variant defined for CO area &

What causes this issue?

For further processing, a fiscal year version is required. There is
none for controlling area &V1&.

System Response

No further processing possible.

How to fix this error?

Contact your system manager.
Action by system manager:
In the configuration menu, please maintain the fiscal year version for
controlling area &V1& ("Basic data" function).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD012 - No fiscal year variant defined for CO area & ?

  The SAP error message KD012 ("No fiscal year variant defined for CO area &") typically occurs in the Controlling (CO) module when there is no fiscal year variant assigned to a controlling area. This can prevent users from performing certain transactions or reporting activities within the CO module.
  Cause:
  
  Missing Fiscal Year Variant: The primary cause of this error is that the controlling area does not have a fiscal year variant assigned to it.
  Configuration Issues: The fiscal year variant may not have been set up correctly in the system.
  Incorrect Assignment: The fiscal year variant may not be assigned to the controlling area in the configuration settings.
  
  Solution:
  To resolve the KD012 error, follow these steps:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Enterprise Structure > Definition > Controlling > Define Controlling Area.
  Select the controlling area that is causing the error and check if a fiscal year variant is assigned.
  
  
  
  Assign a Fiscal Year Variant:
  
  If no fiscal year variant is assigned, you can assign one by selecting the appropriate fiscal year variant from the dropdown list.
  Ensure that the fiscal year variant is compatible with the business requirements.
  
  
  
  Create a Fiscal Year Variant (if necessary):
  
  If you need to create a new fiscal year variant, navigate to SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Define Fiscal Year Variants.
  Create a new fiscal year variant and define the necessary settings (e.g., number of posting periods, special periods).
  
  
  
  Check for Transport Issues:
  
  If the configuration was recently transported from another system, ensure that the transport was successful and that all necessary objects were included.
  
  
  
  Testing:
  
  After making the necessary changes, test the transactions that were previously causing the error to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define the structure of the fiscal year, including the number of posting periods and special periods. They are crucial for financial reporting and controlling.
  Controlling Area: This is an organizational unit in SAP that represents a closed system for cost accounting. It can be assigned to one or more company codes.
  Transaction Codes: You may find it useful to use transaction codes such as OB29 (to define fiscal year variants) and OKKP (to define controlling areas) for quick access to the relevant configuration screens.
  
  By following these steps, you should be able to resolve the KD012 error and ensure that your controlling area is properly configured for fiscal year processing.