How To Fix MM001 - Current period's fiscal year automatically corrected for co. code &

MM001 - Overview

• Message type: E = Error

• Message class: MM - Messages for material master maintenance and Customizing

• Message number: 001

• Message text: Current period's fiscal year automatically corrected for co. code &

What causes this issue?

The fiscal year of the current period for company code &V1& has already
been maintained. A change is therefore allowed in the future, but no
initialization.

System Response

The original fiscal year for the current period has been reentered.

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

MM001 - Details

• The SAP error message MM001, which states "Current period's fiscal year automatically corrected for company code &," typically occurs in the Materials Management (MM) module when there is an issue with the fiscal year settings or the posting period for a specific company code. This error indicates that the system has automatically adjusted the fiscal year for the company code in question, which can lead to confusion or issues with financial postings.
  
  Cause:
  
  Posting Period Configuration: The error often arises when the posting period for the current fiscal year is closed or not open for the company code. This can happen if the period is set to be closed in the configuration settings.
  Fiscal Year Variant: The fiscal year variant assigned to the company code may not align with the current date or the posting date of the transaction.
  Transaction Date: The date of the transaction being posted may fall outside the allowed posting