‘Version zero is not defined for the fiscal year YYYY’. This error is encountered when you post transactions in SAP system that has an impact to CO module for new Fical Year e.g. 2009. Here’s the definition and recommended solution for the error: In the SAP standard system, each Controlling Area has a version for [...]

“Company code entries for EXZ1 are incomplete – see long text”. The said error occurred when you assign Chart of Depreciation to Company Code using transaction ‘OAOB’. Dignosis The result of the check of company code EXZ1 shows that important global parameters from Financial Accounting are missing for Asset Accounting. One or more of the [...]

Diagnosis: No P&L statement account type is defined in chart of accounts EZCA. Solution: With the P&L statement account type, you determine the retained earnings account for each P&L account. The retained earnings account is used during year-end closing to calculate the company’s result. If you are creating a P&L account, you must define your [...]