How To Fix KX306 - Please directly enter FYV or FYV-bearing characteristic (VERSO)

KX306 - Overview

• Message type: E = Error

• Message class: KX - EC-EIS/EC-BP: Data basis, data collection

• Message number: 306

• Message text: Please directly enter FYV or FYV-bearing characteristic (VERSO)

What causes this issue?

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

System Response

How to fix this error?

Please enter
either a fiscal year, that is valid for the whole aspect, directly.
or the characteristic VERSO (data area, previously version) as a
reference, whose value then establishes the fiscal year variant per
data record.

Error message extract from SAP system. Copyright SAP SE.

KX306 - Details

• The SAP error message KX306 indicates that there is an issue with the fiscal year variant (FYV) or the fiscal year variant-bearing characteristic (VERSO) in the context of a transaction or report you are trying to execute. This error typically arises in the context of controlling (CO) or financial accounting (FI) modules when the system expects a specific fiscal year variant to be entered or selected.
  
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant may not be defined for the company code or controlling area you are working with.
  Incorrect Input: The system may require you to enter a fiscal year variant directly, but you may have left it blank or entered an invalid value.
  
  Configuration Issues: There may be configuration issues in the controlling area or company code settings that do not align with the fiscal year variant settings.
  Transaction Context: The transaction you are trying to execute may require specific fiscal year