How To Fix KG514 - Fiscal year variant & not defined

KG514 - Overview

• Message type: E = Error

• Message class: KG - CO-PA Planning

• Message number: 514

• Message text: Fiscal year variant & not defined

What causes this issue?

The period assignment of a distribution key for Profitability
Analysis depends on the fiscal year variant. When you create a
distribution key, this fiscal year variant is automatically determined
from the operating concern.
This error occurs when the relevant fiscal year variant was deleted, or
if you copied another client but did not copy the fiscal year
variant with it.

System Response

You cannot maintain the distribution key &V2&, because fiscal
year variant &V1& does not exist.

How to fix this error?

Delete fiscal year variant &V1& and and then create it again, or
define fiscal year variant &V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KG514 - Fiscal year variant & not defined ?

  The SAP error message KG514, which states "Fiscal year variant & not defined," typically occurs in the context of controlling (CO) or financial accounting (FI) when the system cannot find a defined fiscal year variant for a specific configuration or transaction. This can happen in various scenarios, such as when trying to post a transaction, generate reports, or perform other activities that require fiscal year information.
  
  Cause:
  
  Missing Configuration: The fiscal year variant has not been defined in the system for the company code or controlling area you are working with.
  Incorrect Assignment: The fiscal year variant may not be correctly assigned to the company code or controlling area.
  Data Entry Error: There may be a typo or incorrect entry in the transaction that references the fiscal year variant.
  Transport Issues: If the configuration was recently transported from another system, the fiscal year variant may not have been included in the transport.
  
  
  Solution:
  
  
  Define Fiscal Year Variant:
  
  Go