How To Fix KI240 - Company code & has invalid fiscal year variant &

SAP Error Message - Details

• Message type: E = Error

• Message class: KI -

• Message number: 240

• Message text: Company code & has invalid fiscal year variant &

What causes this issue?

Fiscal year variant &V2& is assigned to company code &V1&, but this
variant does not exist.

System Response

Postings in company code &V1& are only allowed when the SAP System can
determine a posting period from the posting date with a valid fiscal
year variant.

How to fix this error?

Assign a valid fiscal year variant to company code &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KI240 - Company code & has invalid fiscal year variant & ?

  The SAP error message KI240 indicates that there is an issue with the fiscal year variant assigned to a company code in the context of controlling (CO) transactions. This error typically arises when the fiscal year variant assigned to the company code is not valid for the period in which you are trying to post a transaction.
  Cause:
  
  Invalid Fiscal Year Variant: The fiscal year variant assigned to the company code does not match the fiscal year settings in the controlling area or is not defined correctly.
  Period Not Open: The posting period for the transaction is closed or not open for the fiscal year variant assigned.
  Mismatch: There may be a mismatch between the fiscal year variant in the controlling area and the one assigned to the company code.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 to check the fiscal year variants assigned to your company code.
  Ensure that the fiscal year variant assigned to the company code is correct and matches the one defined in the controlling area.
  
  
  
  Open Posting Periods:
  
  Use transaction code OB52 to check the posting periods for the relevant company code and fiscal year variant.
  Ensure that the posting period you are trying to use is open. If it is closed, you may need to open it for the relevant period.
  
  
  
  Review Configuration:
  
  Check the configuration of the controlling area and ensure that the fiscal year variant is correctly set up.
  Ensure that the fiscal year variant is consistent across all relevant areas (e.g., company code, controlling area).
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant settings, consult the SAP documentation or your SAP administrator for guidance on how to configure fiscal year variants properly.
  
  
  
  Testing:
  
  After making any changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variants
  OB52: Open and Close Posting Periods
  OKKP: Controlling Area Settings
  
  
  SAP Notes: Check SAP Notes for any specific issues related to your version of SAP that may provide additional insights or patches.
  User Roles: Ensure that you have the necessary authorizations to make changes to the fiscal year variant and posting periods.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP Controlling (CO) for further assistance.