How To Fix AU175 - Not possible to reset balance carryforward in ccode &1 for closed year &2

AU175 - Overview

• Message type: E = Error

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

• Message number: 175

• Message text: Not possible to reset balance carryforward in ccode &1 for closed year &2

What causes this issue?

You have tried to execute the balance carryforward with the option <LS>
Reset Balance Carryforward</> in company code &V1&.
However, this is <ZH>not</> possible as fiscal year &V2& is already
closed in Asset Accounting.

System Response

The balance carryforward can<ZH>not</> be executed with this option.

How to fix this error?

Delete the indicator <LS>Reset Balance Carryforward</> and restart the
balance carryforward.

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.

AU175 - Details

• The SAP error message AU175 indicates that there is an issue with resetting the balance carryforward for a closed fiscal year in a specific company code. This typically occurs when you attempt to perform a carryforward operation or reset balances for a fiscal year that has already been closed, which is not allowed in SAP.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to reset the balance carryforward for has already been closed. In SAP, once a fiscal year is closed, you cannot make changes to the financial data for that year.
  Incorrect Configuration: There may be configuration settings that are preventing the carryforward from being reset.
  Posting Periods: The posting periods for the fiscal year may be closed, which restricts any further postings or adjustments.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. If it is closed, you will need to open it again if you need