How To Fix KZ406 - Value date does not fall within the specified fiscal year

SAP Error Message - Details

• Message type: E = Error

• Message class: KZ - Cost Object Repetitive Mfg / Process Mfg

• Message number: 406

• Message text: Value date does not fall within the specified fiscal year

What causes this issue?

The value date you entered does not fall in the fiscal year you entered.

How to fix this error?

Change the value date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KZ406 - Value date does not fall within the specified fiscal year ?

  The SAP error message KZ406, which states "Value date does not fall within the specified fiscal year," typically occurs when a transaction is being processed with a value date that is outside the range of the defined fiscal year in the system. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), when trying to post a document or execute a transaction.
  Cause:
  
  Value Date Issue: The value date entered for the transaction is either earlier than the start date of the fiscal year or later than the end date of the fiscal year.
  Fiscal Year Variant: The fiscal year variant assigned to the company code may not align with the value date being used.
  Period Closing: The fiscal year may have been closed, and postings are not allowed for periods outside the open fiscal year.
  Configuration Errors: There may be configuration issues in the fiscal year settings or the posting periods.
  
  Solution:
  
  Check Value Date: Verify the value date you are trying to use. Ensure it falls within the defined fiscal year. You can check the fiscal year settings in the configuration.
  Review Fiscal Year Variant: Go to the configuration settings for the fiscal year variant assigned to your company code. Ensure that the fiscal year is correctly defined and that the value date is within the range.
  
  Transaction Code: OB29 (for fiscal year variant settings).
  
  
  Open Posting Periods: Check if the posting period for the value date is open. You can do this by:
  
  Transaction Code: OB52 (to check and manage posting periods).
  
  
  Adjust Value Date: If the value date is incorrect, adjust it to a valid date within the fiscal year.
  Consult with Finance Team: If you are unsure about the fiscal year settings or the implications of changing them, consult with your finance team or SAP administrator.
  
  Related Information:
  
  Fiscal Year Configuration: Understanding how fiscal years are configured in SAP is crucial. This includes knowing how to set up fiscal year variants and how they relate to company codes.
  Posting Periods: Familiarize yourself with how posting periods work in SAP, including how to open or close periods for posting transactions.
  SAP Documentation: Refer to SAP Help documentation for detailed guidance on fiscal year and posting period management.
  
  By following these steps, you should be able to resolve the KZ406 error and successfully process your transaction.