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

AU262 - Overview

• 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.

AU262 - Details

• 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