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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KX306 - Please directly enter FYV or FYV-bearing characteristic (VERSO) ?

  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 variant settings that are not currently set up.
  
  Solution:
  
  Enter the Fiscal Year Variant: When prompted, directly enter the correct fiscal year variant (e.g., K4, K1, etc.) that corresponds to your company code or controlling area.
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction code SPRO).
  Navigate to Controlling > General Controlling > Fiscal Year and ensure that the fiscal year variant is correctly defined and assigned to the relevant company code or controlling area.
  
  
  Review Master Data: Ensure that the master data for the company code or controlling area is correctly set up with the appropriate fiscal year variant.
  Consult Documentation: If you are unsure about the fiscal year variants available, consult your SAP documentation or your SAP administrator for guidance on the correct values to use.
  User Authorization: Ensure that you have the necessary authorizations to access and modify the fiscal year variant settings if needed.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAVC (for fiscal year variant configuration) and OKEQ (for controlling area settings).
  SAP Notes: Check SAP Notes for any known issues or updates related to fiscal year variants and error KX306.
  Training and Documentation: Review SAP training materials or documentation related to financial accounting and controlling to better understand fiscal year variants and their implications.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP CO or FI modules for further assistance.