#Message no. KI268-Define a fiscal year variant first for company code XXXX error whilst hiring a pernr -PA40 tcd-#Assign Comp.Code -> Fiscal Year Variant-#V_001_U

Infamous error whilst running Personnel Action

Error Message:Define a fiscal year variant first for company code XXXX Message no. KI268

 Diagnosis A fiscal year variant has not been defined for company code XXXX

 System Response A fiscal year variant is required to determine an accounting period from the posting date.

 Procedure Maintain a fiscal year variant for company code 9998 using the FI configuration functions. Assign Comp.Code -> Fiscal Year Variant-->V_001_U

SAP Fiscal Year Variant Configuration

https://scn.sap.com/docs/DOC-24583

 How to assign Company Code to a Fiscal Year Variant step by step

 http://www.guru99.com/how-to-assign-company-code-to-a-fiscal-year-variant.html