How To Fix KIC240 - Company code & has invalid fiscal year variant &

KIC240 - Overview

• Message type: E = Error

• Message class: KIC - CO Interface: Messages for Core Functions

• 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

You cannot make postings to company code &V1& if the system cannot use
a valid fiscal year variant to determine a posting period from the
posting date.

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 KIC240 - Company code & has invalid fiscal year variant & ?

  The SAP error message KIC240 indicates that there is an issue with the fiscal year variant assigned to a company code. This error typically arises when the system is unable to recognize the fiscal year variant for the specified company code, which can prevent various financial transactions from being processed correctly.
  
  Cause:
  
  Invalid Fiscal Year Variant: The fiscal year variant assigned to the company code is either not defined or is incorrectly configured.
  Company Code Configuration: The company code may not be properly set up in the system, or it may not be linked to a valid fiscal year variant.
  Missing Customizing: The necessary customizing settings for the fiscal year variant may not have been completed.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the fiscal year variant assignments.
  
  
  Solution:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the SAP transaction code OB29 (or navigate through the menu: SPRO > Financial