How To Fix MSG_FINCS_MD_MAINT157 - Fiscal period &2 of year &1 does not exist in fiscal year variant &3.

SAP Error Message - Details

• Message type: E = Error

• Message class: MSG_FINCS_MD_MAINT - Message Class for Additional Master Data Maintenance

• Message number: 157

• Message text: Fiscal period &2 of year &1 does not exist in fiscal year variant &3.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MSG_FINCS_MD_MAINT157 - Fiscal period &2 of year &1 does not exist in fiscal year variant &3. ?

  The SAP error message MSG_FINCS_MD_MAINT157 indicates that there is an issue with the fiscal period configuration in the system. Specifically, it means that the fiscal period you are trying to access or use does not exist for the specified fiscal year and fiscal year variant.
  Cause:
  
  Non-existent Fiscal Period: The fiscal period you are trying to reference (period &2) does not exist in the fiscal year variant (variant &3) for the specified year (year &1).
  Incorrect Configuration: The fiscal year variant may not be properly configured to include the specified fiscal period.
  Data Entry Error: There may be a mistake in the data entry where the fiscal year, period, or variant is incorrectly specified.
  
  Solution:
  
  
  Check Fiscal Year Variant Configuration:
  
  Go to the transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variants).
  Verify that the fiscal year variant &3 includes the fiscal period &2 for the year &1. If it does not, you may need to adjust the configuration to include the necessary periods.
  
  
  
  Verify Periods:
  
  Ensure that the fiscal periods are correctly defined for the fiscal year variant. You can check this in the same configuration area mentioned above.
  
  
  
  Correct Data Entry:
  
  Double-check the data entry for the fiscal year, period, and variant to ensure that they are correct. Make sure you are using the correct fiscal year variant associated with the company code.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant settings, consult the SAP documentation or your organization's SAP support team for guidance on how to properly configure fiscal periods.
  
  
  
  Testing:
  
  After making any changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These are used in SAP to define how fiscal years are structured, including the number of periods and special periods.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB29 for fiscal year variant maintenance and OB52 for maintaining posting periods.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  
  By following these steps, you should be able to resolve the error message and ensure that your fiscal periods are correctly configured in SAP.