How To Fix KM034 - Fiscal year variant & is not allowed in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 034

• Message text: Fiscal year variant & is not allowed in company code &

What causes this issue?

All company codes in a given controlling area must have the same fiscal
year variant.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Assign all the company codes in this controlling area the same fiscal
year variant. If this is not possible, you cannot use profit center
accounting in this controlling area. Inform your system administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM034 - Fiscal year variant & is not allowed in company code & ?

  The SAP error message KM034 indicates that there is an issue with the fiscal year variant assigned to a company code in the context of a financial transaction or posting. This error typically arises when the fiscal year variant used in a transaction does not match the fiscal year variant assigned to the company code.
  
  Cause:
  
  Mismatch of Fiscal Year Variants: The fiscal year variant used in the transaction does not correspond to the fiscal year variant assigned to the company code.
  Incorrect Configuration: The fiscal year variant may not be properly configured in the system for the company code.
  Posting Period Issues: The posting period may be closed or not open for the fiscal year variant assigned to the company code.
  
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the SAP menu: Financial Accounting > General Ledger > Master Data > Company Code > Edit Company Code Data).
  Verify the fiscal