How To Fix RTC_MODEL_01012 - &1 does not exist; enter a valid fiscal year variant

SAP Error Message - Details

• Message type: E = Error

• Message class: RTC_MODEL_01 -

• Message number: 012

• Message text: &1 does not exist; enter a valid fiscal year variant

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message RTC_MODEL_01012 - &1 does not exist; enter a valid fiscal year variant ?

  The SAP error message RTC_MODEL_01012 indicates that the specified fiscal year variant does not exist in the system. This error typically occurs when you are trying to execute a report or transaction that requires a valid fiscal year variant, but the system cannot find the one you have specified.
  Cause:
  
  Incorrect Fiscal Year Variant: The fiscal year variant you are trying to use may not be defined in the system or may have been deleted.
  Typographical Error: There may be a typo in the fiscal year variant name you entered.
  Authorization Issues: The user may not have the necessary authorizations to access the fiscal year variant.
  Configuration Issues: The fiscal year variant may not be properly configured in the system.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the SAP transaction code OB29 (or OB37 for the new GL) to view the list of fiscal year variants.
  Ensure that the fiscal year variant you are trying to use is listed and correctly configured.
  
  
  
  Correct Typographical Errors:
  
  Double-check the fiscal year variant name you entered for any spelling mistakes or incorrect characters.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the fiscal year variant. This may involve checking user roles and permissions.
  
  
  
  Configuration:
  
  If the fiscal year variant is missing, you may need to create a new one or restore it if it was deleted. This can be done in the same transaction (OB29).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team for any specific configurations related to fiscal year variants.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This is a configuration in SAP that defines how the fiscal year is structured, including the number of periods and special periods.
  Transaction Codes:
  
  OB29: To maintain fiscal year variants.
  OB37: For new GL fiscal year variant settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year variants and error RTC_MODEL_01012.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP's support portal for further assistance.