How To Fix KM262 - The system could not determine the first day of fiscal year &

KM262 - Overview

• Message type: E = Error

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

• Message number: 262

• Message text: The system could not determine the first day of fiscal year &

What causes this issue?

The system could not determine the first day of fiscal year &V1& in
company code &V2& with the fiscal-year variant &V3&.

System Response

The asset portfolios were not transferred in company code &V2&.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

KM262 - Details

• The SAP error message KM262, which states "The system could not determine the first day of fiscal year &," typically occurs in the context of SAP Controlling (CO) or Financial Accounting (FI) when the system is unable to identify the starting date of the fiscal year for a particular company code or controlling area. This can happen for several reasons, including configuration issues or missing data.
  Causes:
  
  Missing Fiscal Year Variant: The fiscal year variant may not be assigned to the company code or controlling area.
  Incorrect Configuration: The fiscal year variant may not be correctly configured in the system.
  Missing Master Data: The necessary master data for the company code or controlling area may be incomplete or missing.
  Period Locking: The periods may be locked, preventing the system from determining the fiscal year start.
  Incorrect Date Settings: The system date settings may not align with the fiscal year settings.
  
  Solutions:
  
  
  Check Fiscal Year Variant Assignment:
  
  Go to the