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

SAP Error Message - Details

• 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 executed for the relevant company code. If it has not been done, you will need to perform the fiscal year change using the transaction code OBY6 (Fiscal Year Change).
  Follow the prompts to complete the fiscal year change process.
  
  
  
  Check Posting Periods:
  
  Verify that the posting periods are correctly set up for the new fiscal year. You can check this in the same transaction (OB52) to ensure that the periods are open for posting.
  
  
  
  Review Configuration:
  
  Ensure that the configuration settings for the company code are correct. This includes checking the fiscal year variant and ensuring it aligns with your business requirements.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year change process, refer to SAP documentation or consult with your SAP administrator or financial team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change View "Open and Close Posting Periods"
  OBY6: Fiscal Year Change
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  User Roles: Ensure that you have the necessary authorizations to perform the fiscal year change and to access the relevant transaction codes.
  
  By following these steps, you should be able to resolve the AB059 error and successfully perform the required transactions in SAP.