How To Fix KM263 - Enter a period and a 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: 263

• Message text: Enter a period and a fiscal year for company code &1

What causes this issue?

You have not entered a period or fiscal year for company code &V1&.

System Response

Action was terminated.

How to fix this error?

Scroll to the line with company code &V1& and enter a period and a
fiscal year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM263 - Enter a period and a fiscal year for company code &1 ?

  The SAP error message KM263 ("Enter a period and a fiscal year for company code &1") typically occurs when you are trying to execute a transaction that requires a specific fiscal period and year, but these values have not been provided or are invalid. This error is common in financial transactions, such as posting documents or running reports.
  Cause:
  
  Missing Input: The fiscal period and year fields are not filled in the transaction screen.
  Invalid Input: The fiscal period or year entered does not exist or is not valid for the specified company code.
  Configuration Issues: The fiscal year variant may not be properly configured for the company code.
  Closed Period: The period you are trying to access may be closed for posting.
  
  Solution:
  
  
  Enter Valid Period and Year:
  
  Ensure that you enter a valid fiscal period and year in the relevant fields. Check the fiscal year variant assigned to the company code to confirm the correct periods.
  
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code SPRO) and navigate to:
  
  Financial Accounting (FI) > Financial Accounting Global Settings (New) > Fiscal Year Change to ensure that the fiscal year variant is correctly set up for the company code.
  
  
  Verify that the fiscal year variant is assigned to the company code.
  
  
  
  Review Posting Periods:
  
  Check the posting periods in the system (Transaction code OB52) to ensure that the period you are trying to post to is open. If it is closed, you may need to open it or choose a different period.
  
  
  
  User Authorization:
  
  Ensure that you have the necessary authorizations to post in the specified period and year.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant or the periods, consult your SAP documentation or your finance team for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To check and manage posting periods.
  SPRO: To access configuration settings.
  
  
  
  Fiscal Year Variants: Understand how fiscal year variants work in SAP, as they define how the fiscal year is structured (e.g., number of periods, special periods).
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  
  
  By following these steps, you should be able to resolve the KM263 error and successfully enter the required fiscal period and year for your transactions.