How To Fix ACE460 - Define the last closed fiscal year for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: ACE - Nachrichten zur Accrual Engine

• Message number: 460

• Message text: Define the last closed fiscal year for company code &1

trados = docu -> fi -> figl

What causes this issue?

In the Customizing for the Accrual Engine, the last fiscal year closed
has not been defined for company code &V1&.

System Response

During the legacy data transfer, values for previous fiscal years are
supposed to be transferred to the Accrual Engine.
Therefore, you must specify a last closed fiscal year.
See the <DS:DE.ACE_CLOSEDFYEAR>
explanations for the meaning of the last closed fiscal year</>.

How to fix this error?

In Customizing for the Accrual Engine, define the last closed fiscal
year.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACE460 - Define the last closed fiscal year for company code &1 ?

  The SAP error message ACE460, which states "Define the last closed fiscal year for company code &1," typically occurs when the system requires a definition of the last closed fiscal year for a specific company code in the financial accounting module. This is important for ensuring that financial reporting and closing processes are correctly managed.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The last closed fiscal year has not been defined for the specified company code in the system.
  Incorrect Settings: The settings for the fiscal year variant or the company code may not be properly configured.
  System Upgrade or Migration: If the system has been recently upgraded or migrated, certain configurations may not have been carried over.
  
  Solution:
  To resolve the ACE460 error, follow these steps:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Define Last Closed Fiscal Year.
  
  
  
  Define the Last Closed Fiscal Year:
  
  In the configuration screen, select the relevant company code (the one indicated in the error message).
  Enter the last closed fiscal year. This is typically the fiscal year that has been fully closed and for which all financial statements have been finalized.
  
  
  
  Save the Configuration:
  
  After entering the necessary information, save your changes.
  
  
  
  Check Related Settings:
  
  Ensure that the fiscal year variant assigned to the company code is correct and that all necessary fiscal year settings are in place.
  
  
  
  Test the Changes:
  
  After making the changes, perform a test transaction that previously triggered the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Fiscal Year Variant: This defines how the fiscal year is structured (e.g., number of periods, special periods). Ensure that the fiscal year variant is correctly assigned to the company code.
  Transaction Codes: You may use transaction codes like OB52 (to maintain the posting periods) and OB29 (to define the fiscal year variant) for related configurations.
  Documentation: Refer to SAP Help documentation for detailed guidance on fiscal year settings and financial closing processes.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP Basis or Financial Accounting team for further investigation.