How To Fix 1G605 - TBKK80BAS: No retroactive accounting allowed for old fiscal year: &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 605

• Message text: TBKK80BAS: No retroactive accounting allowed for old fiscal year: &1

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1G605 - TBKK80BAS: No retroactive accounting allowed for old fiscal year: &1 ?

  The SAP error message 1G605 TBKK80BAS: No retroactive accounting allowed for old fiscal year: &1 typically occurs in the context of financial accounting and controlling when a user attempts to perform a retroactive accounting operation for a fiscal year that has already been closed. This is a safeguard to prevent changes to financial data that could affect reporting and compliance.
  Cause:
  
  Closed Fiscal Year: The primary cause of this error is that the fiscal year you are trying to perform retroactive accounting for has already been closed. In SAP, once a fiscal year is closed, no further changes can be made to the financial data for that year.
  Configuration Settings: The system settings may be configured to disallow retroactive accounting for closed periods to maintain data integrity and compliance with accounting standards.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. If it is indeed closed, you will not be able to perform retroactive accounting for that year.
  Open the Fiscal Year: If necessary and appropriate, you may consider reopening the fiscal year. This typically requires specific authorizations and should be done with caution, as it can have significant implications for financial reporting.
  
  To reopen a fiscal year, you can use transaction code OB52 to adjust the period control settings. However, this should be done in consultation with your finance team and in accordance with your organization's policies.
  
  
  Perform Adjustments in Current Year: If reopening the fiscal year is not an option, consider making the necessary adjustments in the current fiscal year. This may involve creating adjustment entries or using other accounting methods to reflect the changes needed.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance on handling retroactive accounting and fiscal year management.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message. SAP frequently releases updates that may address known issues.
  User Authorizations: Ensure that you have the necessary authorizations to perform the actions you are attempting. Sometimes, restrictions can be due to user roles and permissions.
  Consult with Finance Team: Engage with your finance or accounting team to understand the implications of any changes you are considering and to ensure compliance with accounting standards.
  
  By following these steps, you should be able to address the error message and proceed with your accounting tasks appropriately.