How To Fix BP595 - Update run only possible for closed financial years

BP595 - Overview

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 595

• Message text: Update run only possible for closed financial years

What causes this issue?

You have tried to close the current fiscal year or a future fiscal year
in a production run.
Since the process cannot be reversed, you may only close a fiscal year
which has elapsed.

System Response

Processing automatically takes place in test mode.

How to fix this error?

Start the transaction again for a fiscal year which has elapsed.

Error message extract from SAP system. Copyright SAP SE.

BP595 - Details

• The SAP error message BP595, which states "Update run only possible for closed financial years," typically occurs when you attempt to perform a financial update or posting in a financial year that is not yet closed. This is a safeguard in SAP to ensure that financial data integrity is maintained and that no changes are made to finalized financial periods.
  
  Cause:
  
  Open Financial Year: The financial year you are trying to update is still open, meaning that postings can still be made to that year.
  Configuration Settings: The system may be configured to prevent updates to certain financial years based on company policy or accounting standards.
  Period Locking: The specific posting period within the financial year may be locked, preventing any updates.
  
  
  Solution:
  
  
  Close the Financial Year: If you are sure that no further postings are required for the financial year in question, you can proceed to close the financial year. This is typically done through