How To Fix PFM_ASS_MESSAGES001 - Only current or next year can be set as activation fiscal year

PFM_ASS_MESSAGES001 - Overview

• Message type: E = Error

• Message class: PFM_ASS_MESSAGES - ASS (PT-SNC) Message Class

• Message number: 001

• Message text: Only current or next year can be set as activation fiscal year

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message PFM_ASS_MESSAGES001 - Only current or next year can be set as activation fiscal year ?

  The SAP error message PFM_ASS_MESSAGES001 indicates that you are trying to set a fiscal year for activation that is not valid. Specifically, the message states that only the current or the next fiscal year can be set as the activation fiscal year. This error typically occurs in the context of financial planning or budgeting processes within SAP.
  
  Cause:
  
  Invalid Fiscal Year Selection: You may be attempting to activate a fiscal year that is either in the past or more than one year into the future.
  
  Configuration Issues: There may be configuration settings in your SAP system that restrict the fiscal years that can be activated.
  Data Entry Error: A simple mistake in data entry could lead to selecting an incorrect fiscal year.
  
  
  Solution:
  
  Check the Fiscal Year: Ensure that you are selecting either the current fiscal year or the next fiscal year for activation. You can check the current fiscal year in your SAP system settings.
  Adjust