How To Fix AB059 - Fiscal year change not yet made for company code &1

AB059 - Overview

• Message type: E = Error

• Message class: AB -

• Message number: 059

• Message text: Fiscal year change not yet made for company code &1

What causes this issue?

You have <ZH>not</> yet carried out a fiscal year change for company
code &V1&, although the current system date is in the new fiscal year.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Carry out the fiscal year change for company code &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AB059 - Fiscal year change not yet made for company code &1 ?

  The SAP error message AB059, which states "Fiscal year change not yet made for company code &1," typically occurs when you attempt to perform an action that requires the fiscal year to be changed, but the system has not yet processed the fiscal year change for the specified company code.
  
  Cause:
  
  Fiscal Year Change Not Executed: The fiscal year change process has not been executed for the specified company code. This process is necessary to transition from one fiscal year to the next in the SAP system.
  Incorrect Period: You may be trying to post transactions in a period that is not open for the current fiscal year.
  
  Configuration Issues: There may be configuration issues in the financial settings of the company code.
  
  
  Solution:
  To resolve the AB059 error, you can follow these steps:
  
  
  Execute Fiscal Year Change:
  
  Go to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Ensure that the fiscal year change has been