How To Fix KG714 - Fiscal year variant is missing

SAP Error Message - Details

• Message type: E = Error

• Message class: KG - CO-PA Planning

• Message number: 714

• Message text: Fiscal year variant is missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message KG714 - Fiscal year variant is missing ?

  The SAP error message KG714, which states "Fiscal year variant is missing," typically occurs in the context of controlling (CO) or financial accounting (FI) when the system cannot find a fiscal year variant associated with a particular company code or controlling area. This can happen during various processes, such as posting transactions or running reports.
  Cause:
  
  Missing Configuration: The fiscal year variant has not been defined for the company code or controlling area in the system.
  Incorrect Assignment: The fiscal year variant may not be correctly assigned to the company code or controlling area.
  Data Inconsistency: There may be inconsistencies in the configuration or data that prevent the system from recognizing the fiscal year variant.
  
  Solution:
  To resolve the KG714 error, follow these steps:
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Reference IMG) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Define Fiscal Year Variants.
  Ensure that the fiscal year variant you intend to use is defined.
  
  
  
  Assign Fiscal Year Variant to Company Code:
  
  In the same SPRO path, navigate to Assign Fiscal Year Variant to Company Code.
  Check if the fiscal year variant is assigned to the relevant company code. If not, assign it.
  
  
  
  Check Controlling Area Settings:
  
  If the error occurs in the controlling module, ensure that the fiscal year variant is assigned to the controlling area.
  Navigate to SPRO > Controlling > General Controlling > Master Data > Controlling Area > Assign Fiscal Year Variant to Controlling Area.
  
  
  
  Review Transaction Data:
  
  If the fiscal year variant is correctly configured and assigned, check the transaction data for any inconsistencies or errors that might be causing the issue.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to perform the action that previously resulted in the error.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These define how the fiscal year is structured (e.g., number of periods, special periods).
  Company Code: This is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Controlling Area: This is an organizational unit in management accounting that represents a closed system used for cost accounting.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional consultant for further investigation, as there may be deeper configuration issues or system-specific settings that need to be addressed.