How To Fix KG514 - Fiscal year variant & not defined

SAP Error Message - Details

• 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 to the SAP Easy Access screen.
  Navigate to SPRO ? IMG ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year Change ? Define Fiscal Year Variant.
  Create a new fiscal year variant if it does not exist or ensure that the existing one is correctly configured.
  
  
  
  Assign Fiscal Year Variant:
  
  After defining the fiscal year variant, ensure it is assigned to the relevant company code or controlling area.
  Navigate to SPRO ? IMG ? Financial Accounting ? Financial Accounting Global Settings ? Fiscal Year Change ? Assign Fiscal Year Variant to Company Code.
  Check that the correct fiscal year variant is assigned to the company code in question.
  
  
  
  Check for Data Entry Errors:
  
  Review the transaction or report you are trying to execute to ensure that the fiscal year variant is correctly referenced.
  
  
  
  Transport Check:
  
  If the issue arose after a transport, verify that the fiscal year variant was included in the transport request and that it was successfully imported into the target system.
  
  
  
  Consult Documentation: If you are unsure about the fiscal year variant settings, refer to SAP documentation or consult with your SAP Basis or FI/CO consultant for assistance.
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured (e.g., number of periods, special periods).
  Company Code: A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Controlling Area: A controlling area is an organizational unit in management accounting that represents a closed system for cost accounting purposes.
  
  By following these steps, you should be able to resolve the KG514 error and ensure that your fiscal year variant is properly configured and assigned.