How To Fix MQ593 - 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: 593

• 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

Company code &V2& is not reconciled between FI-AA and FI-GL.

How to fix this error?

The current fiscal year of a company code must be identical to the
system date's fiscal year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ593 - Current fiscal year &1 in company code &2 does not match present year ?

  The SAP error message MQ593 indicates that there is a mismatch between the current fiscal year and the year defined in the company code settings. This error typically arises when you are trying to perform a transaction that requires the fiscal year to be aligned with the current system date, but the system has detected a discrepancy.
  Cause:
  
  Fiscal Year Settings: The fiscal year for the company code may not be set correctly in the system. This can happen if the fiscal year has not been updated or if the company code is configured for a different fiscal year than the current one.
  Transaction Date: The date of the transaction you are trying to process may fall outside the defined fiscal year for the company code.
  System Date: The system date may not be correctly set, leading to confusion about what the current fiscal year is.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Fiscal Year -> Define Fiscal Year).
  Verify that the fiscal year settings for the company code match the current year.
  
  
  
  Update Fiscal Year:
  
  If the fiscal year is incorrect, you may need to update it. This can involve changing the fiscal year variant or adjusting the settings to reflect the current fiscal year.
  
  
  
  Check Transaction Date:
  
  Ensure that the date of the transaction you are trying to post is within the valid range of the fiscal year for the company code.
  
  
  
  Verify System Date:
  
  Check the system date to ensure it is set correctly. You can do this by using the transaction code SU01 to check the user settings or by checking the system settings.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about making changes to the fiscal year settings, consult with your finance or accounting team to ensure compliance with accounting standards and practices.
  
  
  
  Related Information:
  
  Fiscal Year Variants: Understand how fiscal year variants work in SAP and how they are assigned to company codes.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (to open/close posting periods) and OBY6 (to define fiscal year).
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  By following these steps, you should be able to resolve the MQ593 error and ensure that your transactions can be processed correctly within the SAP system.