How To Fix AU262 - Transfer on last day allowed only in closed fiscal year

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 262

• Message text: Transfer on last day allowed only in closed fiscal year

What causes this issue?

In company code &v1&, the legacy data transfer date &v2& (the last day
of fiscal year &v3&) has to be the last day in a fiscal year that is
already closed.

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?

Change the transfer date or close the fiscal year.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU262 - Transfer on last day allowed only in closed fiscal year ?

  The SAP error message AU262, "Transfer on last day allowed only in closed fiscal year," typically occurs when you attempt to perform a transfer or posting in a financial period that is not allowed according to the system's configuration. This error is often related to the closing of fiscal periods and the restrictions placed on posting entries in those periods.
  Cause:
  
  Open Fiscal Year: The error usually arises when you try to post a transaction on the last day of a fiscal year that is still open. SAP restricts certain transactions to ensure that financial data integrity is maintained.
  Period Locking: The posting period may be locked for the specific transaction type you are trying to execute.
  Configuration Settings: The settings in the financial accounting configuration may restrict postings to certain periods or fiscal years.
  
  Solution:
  
  Check Fiscal Year Status: Verify if the fiscal year you are trying to post to is indeed closed. You can do this by checking the status of the fiscal year in the configuration settings.
  Change Posting Date: If the fiscal year is still open, consider changing the posting date to a date within an open period.
  Adjust Period Settings: If you need to post in a closed fiscal year, you may need to adjust the period settings in the configuration. This can be done by:
  
  Navigating to SPRO ? Financial Accounting ? Financial Accounting Global Settings ? Document ? Document Control ? Define Posting Periods.
  Here, you can modify the settings to allow postings in closed periods if necessary (though this should be done with caution).
  
  
  Consult with Finance Team: If you are unsure about making changes to the configuration, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB52 to check and manage posting periods.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates regarding this error.
  Documentation: Review SAP documentation related to fiscal year closing and posting periods for a better understanding of the implications of changing settings.
  
  Best Practices:
  
  Always ensure that you have the necessary authorizations before making changes to financial settings.
  Maintain a backup of your configuration settings before making any adjustments.
  Communicate with your finance team to ensure that any changes align with your organization's financial policies.
  
  By following these steps, you should be able to resolve the AU262 error and understand the implications of posting in closed fiscal years.