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

FAA_MD129 - Overview

• 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