How To Fix KT381 - Use a financial statement version without functional areas

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 381

• Message text: Use a financial statement version without functional areas

Self-Explanatory Message

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• What is the cause and solution for SAP error message KT381 - Use a financial statement version without functional areas ?

  The SAP error message KT381, which states "Use a financial statement version without functional areas," typically occurs when you are trying to execute a report or transaction that requires a financial statement version (FSV) that does not include functional areas. This error is often encountered in the context of financial reporting, particularly when dealing with Profit and Loss statements or Balance Sheets.
  Cause:
  The error arises because the financial statement version you are using is configured to include functional areas, which are used for internal reporting purposes. However, certain transactions or reports in SAP require a financial statement version that is purely based on account types without the functional area segmentation.
  Solution:
  To resolve this error, you need to use or create a financial statement version that does not include functional areas. Here are the steps to do this:
  
  
  Check Existing Financial Statement Versions:
  
  Go to the transaction code OB58 (Financial Statement Versions).
  Review the existing financial statement versions to see if any are configured without functional areas.
  
  
  
  Create a New Financial Statement Version:
  
  If no suitable version exists, you can create a new financial statement version:
  
  In transaction code OB58, select "New Entries."
  Enter a new version name and description.
  Ensure that you do not include any functional area assignments in this version.
  Save your changes.
  
  
  
  
  
  Assign the New Version:
  
  Once you have created a financial statement version without functional areas, you need to assign it to the relevant reporting or transaction settings where the error occurred.
  
  
  
  Test the Report/Transaction:
  
  After making the changes, re-run the report or transaction that previously generated the error to ensure that it now works correctly.
  
  
  
  Related Information:
  
  Functional Areas: These are used in SAP to categorize costs and revenues for internal reporting purposes. They are often used in conjunction with Profit Center Accounting.
  Financial Statement Versions: These are configurations in SAP that define how financial data is presented in reports. They can be customized to include or exclude various elements based on reporting needs.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master), OB58 (Financial Statement Versions), and S_ALR_87012284 (Financial Statements) for better navigation and understanding of financial reporting in SAP.
  
  By following these steps, you should be able to resolve the KT381 error and successfully generate the required financial reports.