How To Fix /RPM/MIGRATION407 - Portfolio &1 does not have a fiscal year variant; conversion not required

SAP Error Message - Details

• Message type: E = Error

• Message class: /RPM/MIGRATION -

• Message number: 407

• Message text: Portfolio &1 does not have a fiscal year variant; conversion not required

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /RPM/MIGRATION407 - Portfolio &1 does not have a fiscal year variant; conversion not required ?

  The SAP error message /RPM/MIGRATION407 Portfolio &1 does not have a fiscal year variant; conversion not required typically occurs during the migration or conversion process in SAP Portfolio Management (RPM). This error indicates that the specified portfolio does not have an associated fiscal year variant, which is necessary for certain financial operations and reporting.
  Cause:
  
  Missing Fiscal Year Variant: The portfolio referenced in the error message does not have a fiscal year variant assigned to it. This can happen if the portfolio was created without specifying a fiscal year variant or if it was incorrectly configured.
  Configuration Issues: There may be issues in the configuration settings of the portfolio or the fiscal year variant itself.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Portfolio Configuration:
  
  Go to the transaction code RPS0 (or the relevant transaction for managing portfolios).
  Locate the portfolio mentioned in the error message.
  Verify if a fiscal year variant is assigned to the portfolio. If not, you will need to assign one.
  
  
  
  Assign a Fiscal Year Variant:
  
  If the portfolio does not have a fiscal year variant, you can assign one by editing the portfolio settings.
  Ensure that the fiscal year variant you assign is appropriate for the portfolio's financial reporting needs.
  
  
  
  Review Fiscal Year Variant Settings:
  
  Check the configuration of the fiscal year variant itself (transaction code OB29).
  Ensure that the fiscal year variant is correctly defined and active.
  
  
  
  Re-run the Migration Process:
  
  After making the necessary changes, re-run the migration or conversion process to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  RPS0: Manage Portfolios
  OB29: Maintain Fiscal Year Variants
  
  
  Documentation: Refer to SAP Help documentation for detailed information on managing portfolios and fiscal year variants.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation, as there may be underlying configuration issues or system-specific settings that need to be addressed.