How To Fix KM231 - Enter a 4-digit fiscal year for company code &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 231

• Message text: Enter a 4-digit fiscal year for company code &1

What causes this issue?

You entered a fiscal year before 1900.

System Response

Action was terminated.

How to fix this error?

Scroll to the line with the company code &V1& and enter a four-digit
fiscal year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM231 - Enter a 4-digit fiscal year for company code &1 ?

  The SAP error message KM231, which states "Enter a 4-digit fiscal year for company code &1," typically occurs when a user attempts to perform a transaction that requires a fiscal year input, but the fiscal year is either missing or incorrectly formatted.
  Cause:
  
  Missing Fiscal Year: The user did not enter a fiscal year when prompted.
  Incorrect Format: The fiscal year entered is not in the correct 4-digit format (e.g., 2023).
  Company Code Configuration: The company code may not be properly configured to recognize the fiscal year.
  Transaction Context: The transaction being executed may require a fiscal year that is not available or valid for the specified company code.
  
  Solution:
  
  Enter a Valid Fiscal Year: Ensure that you enter a valid 4-digit fiscal year when prompted. For example, if the current year is 2023, you should enter "2023".
  Check Company Code Settings: Verify that the company code is correctly set up in the system and that the fiscal year is defined in the configuration settings.
  
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year > Define Fiscal Year Variants.
  
  
  Review Transaction Context: Ensure that the transaction you are trying to execute is appropriate for the fiscal year you are entering. Some transactions may have restrictions based on the fiscal year.
  Consult Documentation: If you are unsure about the fiscal year settings or how to enter them, refer to the SAP documentation or consult with your SAP administrator for guidance.
  
  Related Information:
  
  Fiscal Year Variants: In SAP, fiscal year variants define how the fiscal year is structured (e.g., whether it follows the calendar year or has different periods).
  Company Code: A company code is the smallest organizational unit in SAP for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in checking or configuring fiscal year settings, such as OB29 (Define Fiscal Year Variant) or OB37 (Assign Company Code to Fiscal Year Variant).
  
  If the issue persists after following these steps, it may be beneficial to reach out to your SAP support team for further assistance.