How To Fix AU119 - Fiscal year & is still open in company code &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 119

• Message text: Fiscal year & is still open in company code &

What causes this issue?

Fiscal year &V1& is not yet closed for company code &V2&. You do not
need to recalculate the base insurable value.

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?

The system recalculates base insurable values during year-end closing.
You do not need to start the recalculation program yourself.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU119 - Fiscal year & is still open in company code & ?

  The SAP error message AU119 indicates that a fiscal year is still open in a specific company code, which prevents certain financial transactions from being processed. This error typically arises when you attempt to post transactions in a closed fiscal year or when the system is configured to restrict postings to certain periods.
  Cause:
  
  Open Fiscal Year: The fiscal year in question is still open for posting, which means that the system is preventing transactions from being posted to that year.
  Period Locking: The posting period for the transaction you are trying to execute is locked or closed.
  Configuration Settings: The company code settings may restrict postings to certain periods or fiscal years.
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 (Change Posting Periods) to check the status of the fiscal year and the posting periods for the relevant company code.
  Ensure that the fiscal year you are trying to post to is indeed open.
  
  
  
  Open the Fiscal Year:
  
  If the fiscal year is closed and you need to post transactions, you may need to open the fiscal year temporarily. This can be done in the same OB52 transaction by adjusting the posting periods.
  
  
  
  Adjust Posting Periods:
  
  If the posting period is closed, you can open it for the necessary transactions. Be cautious when doing this, as it may affect financial reporting.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting (FI) module to ensure that the settings align with your business requirements. This includes reviewing the fiscal year variant and the associated periods.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening a fiscal year or period, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OB29: Define Fiscal Year Variants
  OB37: Assign Company Code to Fiscal Year Variant
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year and posting period management.
  
  
  User Roles: Ensure that you have the necessary authorizations to change posting periods or fiscal year settings.
  
  
  By following these steps, you should be able to resolve the AU119 error and proceed with your financial transactions.