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

ACE460 - Overview

• 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