How To Fix KPU1007 - Version &1 is not valid for planning in fiscal year &2

KPU1007 - Overview

• Message type: E = Error

• Message class: KPU1 - Messages: Planning Utilities 1 / 2

• Message number: 007

• Message text: Version &1 is not valid for planning in fiscal year &2

What causes this issue?

Version &V1& is only valid for planning in fiscal year &V2&,
controlling area &V3&.

System Response

The system terminated processing.

Error message extract from SAP system. Copyright SAP SE.

KPU1007 - Details

• The SAP error message KPU1007, which states "Version &1 is not valid for planning in fiscal year &2," typically occurs in the context of planning and budgeting within SAP's Controlling (CO) module, particularly when using the Profitability Analysis (CO-PA) or other planning-related transactions.
  
  Cause:
  This error message indicates that the version specified (represented by &1) is not valid for the fiscal year specified (represented by &2). The reasons for this could include:
  
  Version Configuration: The version you are trying to use for planning may not be configured for the specified fiscal year in the planning settings.
  Fiscal Year Variant: The fiscal year variant assigned to the version may not match the fiscal year you are trying to plan for.
  Version Activation: The version may not be activated for the specified fiscal year, meaning it is not available for planning activities.
  Data Locking: There may be data locking issues preventing the use of the version for the