How To Fix AU067 - No year-end close is necessary for company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: AU - FI-AA utility program error messages

• Message number: 067

• Message text: No year-end close is necessary for company code &

What causes this issue?

The fiscal year &V2& is already closed for company code &V1&.
It is not necessary to perform a year-end closing.

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?

Check the last closed fiscal year (Application menu:
<LS>Periodic processing -> Year-end closing -> Reverse</>).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU067 - No year-end close is necessary for company code & ?

  The SAP error message AU067 ("No year-end close is necessary for company code &") typically occurs when you attempt to perform a year-end closing process for a company code that does not require it. This can happen for several reasons, and understanding the cause and solution can help you address the issue effectively.
  Cause:
  
  Company Code Status: The company code may not have any financial transactions that require a year-end closing. This can happen if the company code is newly created and has not yet been used for any transactions.
  Fiscal Year Settings: The fiscal year settings for the company code may indicate that it is not necessary to perform a year-end close. This can be due to the fiscal year variant or the configuration settings in the system.
  No Open Periods: If there are no open periods in the fiscal year for the company code, the system may determine that a year-end close is not necessary.
  Previous Closures: If the company code has already been closed in a previous year, the system will not allow another year-end close until the next fiscal year begins.
  
  Solution:
  
  Check Company Code Configuration: Verify the configuration settings for the company code in the SAP system. Ensure that it is set up correctly and that it has been used for transactions.
  Review Fiscal Year Variant: Check the fiscal year variant assigned to the company code. Ensure that it is configured correctly and that the periods are open for the year you are trying to close.
  Transaction History: Look into the transaction history of the company code. If there are no transactions, you may not need to perform a year-end close.
  Open Periods: Ensure that the periods for the fiscal year are open. If they are closed, you may need to open them to perform the year-end close.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidance related to your system configuration and requirements.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for open and closed periods) and OAVC (for fiscal year variant settings).
  User Roles: Ensure that you have the necessary authorizations to perform year-end closing activities in the SAP system.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financials for further assistance.