How To Fix MQ592 - Current fiscal year &1 in company code &2 does not match present year

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 592

• Message text: Current fiscal year &1 in company code &2 does not match present year

What causes this issue?

Current fiscal year &V1& in company code &V2& does not match the system
date's fiscal year &V3&.

System Response

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?

The current fiscal year of a company code must be identical to the
system date's fiscal year.
The current fiscal year is before the system date's fiscal year:
Carry out the fiscal year change for the company code.
<DS:TRAN.AJRW>Carry out fiscal year change</>
The current fiscal year is after the system date's fiscal year:
If it is a live company code, a changeover can only be carried out in
the next year.
If it is a test company code, it is possible to reset the dates of this
company code or to change the currency of the depreciation area and the
company code to a currency which is not participating in the
changeover. This variant can also be used in Case 1) if the company
code is not to be considered.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ592 - Current fiscal year &1 in company code &2 does not match present year ?

  The SAP error message MQ592 indicates that there is a mismatch between the current fiscal year and the fiscal year defined for a specific company code in the system. This error typically occurs when you are trying to post a transaction that is not allowed due to the fiscal year settings.
  Cause:
  
  Fiscal Year Configuration: The fiscal year for the company code is not aligned with the current calendar year. This can happen if the fiscal year has not been properly set up or if the system date is not correctly configured.
  Posting Date: The posting date of the transaction you are trying to execute falls outside the allowed fiscal year range for the specified company code.
  Year-End Closing: If the fiscal year has been closed, you cannot post transactions to that year.
  
  Solution:
  
  Check Current Date: Ensure that the system date is correct. If the system date is incorrect, it may lead to this error.
  Verify Fiscal Year Settings:
  
  Go to the transaction code OB52 (Change View "Periods" Overview) to check the open and closed periods for the company code in question.
  Ensure that the current fiscal year is open for posting.
  
  
  Adjust Posting Date: If the posting date is incorrect, adjust it to fall within the open fiscal year.
  Fiscal Year Variant: Check the fiscal year variant assigned to the company code. Ensure that it is set up correctly and that the fiscal year matches the current year.
  Consult with Finance Team: If you are unsure about the fiscal year settings or if the year-end closing has been performed, consult with your finance team or SAP administrator.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To check and modify the open and closed periods for posting.
  OBY6: To check the fiscal year variant assigned to the company code.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year settings or error MQ592.
  Documentation: Review SAP documentation on fiscal year settings and period control for more detailed guidance.
  
  By following these steps, you should be able to resolve the MQ592 error and ensure that your postings are aligned with the fiscal year settings in SAP.