How To Fix FAA_MD129 - Company code &1: No fiscal year was opened via balance carryforward

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 129

• Message text: Company code &1: No fiscal year was opened via balance carryforward

What causes this issue?

Until now, no balance carryforward was executed for company code and
ledger . Therefore, no new fiscal year was opened.
However, for the first legacy data transfer at the fiscal year end, it
is necessary that the fiscal year after the transfer is opened via
balance carry forward.

System Response

How to fix this error?

If necessary, please execute the balance carry forward.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD129 - Company code &1: No fiscal year was opened via balance carryforward ?

  The SAP error message FAA_MD129 indicates that there is no fiscal year opened for the specified company code in the context of balance carryforward for Asset Accounting (FI-AA). This typically occurs when you attempt to perform an operation that requires a fiscal year to be open, but the system has not been configured to allow transactions for that fiscal year.
  Cause:
  
  Fiscal Year Not Opened: The most common cause is that the fiscal year for the specified company code has not been opened in the Asset Accounting module.
  Balance Carryforward Not Executed: The balance carryforward process may not have been executed for the previous fiscal year, which is necessary to prepare for the new fiscal year.
  Configuration Issues: There may be configuration issues in the Asset Accounting settings that prevent the fiscal year from being opened.
  
  Solution:
  To resolve the FAA_MD129 error, you can follow these steps:
  
  
  Open the Fiscal Year:
  
  Go to the transaction code OB52 (Maintain Fiscal Year Variant).
  Check if the fiscal year for the company code is open. If it is not, you can open it by adjusting the date ranges.
  
  
  
  Execute Balance Carryforward:
  
  If the fiscal year is closed, you may need to execute the balance carryforward process. This can be done using the transaction code AJAB (Balance Carryforward).
  Ensure that the carryforward is executed for the previous fiscal year before trying to open the new fiscal year.
  
  
  
  Check Configuration:
  
  Verify the configuration settings in the Asset Accounting module to ensure that the fiscal year settings are correct.
  You can check the settings in the configuration path: SPRO > Financial Accounting > Asset Accounting > Periodic Processing > Carryforward Balances.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Maintain Fiscal Year Variant
  AJAB: Balance Carryforward
  OAAQ: Define Fiscal Year Variants for Asset Accounting
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year opening and balance carryforward.
  User Roles: Ensure that you have the necessary authorizations to perform these actions in the system.
  
  By following these steps, you should be able to resolve the FAA_MD129 error and successfully open the fiscal year for your company code in SAP Asset Accounting.