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