How To Fix FAA_POST124 - Balance carryforward is required for CoCode &1 and ledger &2 in year &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 124

• Message text: Balance carryforward is required for CoCode &1 and ledger &2 in year &3

What causes this issue?

You are making a posting on a fixed asset.
The system ascertains that a balance carryforward has not taken place to
the current fiscal year.

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?

You must perform a balance carryforward.
<ZH>Example</>
You have an initial company code for which you want to execute a legacy
data transfer at the end of the year. The fiscal year corresponds to the
calendar year. The system should be used productively from 1.1. of the
current fiscal year. You perform the legacy data transfer on 12.31. of
the previous year.
You have made the following settings for your company code: The current
fiscal year (YYYY) is opened, the previous year (fiscal year YYYY-1) is
closed. You have defined the transfer date as 12.31.YYYY-1 for the
legacy data transfer.
The balance carryforward is necessary to carryforward values of the
legacy data transfer from the year YYYY-1 to the current fiscal year
(YYYY).

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 FAA_POST124 - Balance carryforward is required for CoCode &1 and ledger &2 in year &3 ?

  The SAP error message FAA_POST124 indicates that a balance carryforward is required for a specific company code (CoCode), ledger, and fiscal year. This error typically occurs in the context of Asset Accounting (FI-AA) when trying to post transactions that require prior year balances to be carried forward.
  Cause:
  
  Missing Balance Carryforward: The most common cause of this error is that the balance carryforward process has not been executed for the specified company code and ledger for the given fiscal year. This process is essential to ensure that the balances from the previous year are correctly transferred to the new fiscal year.
  Incorrect Configuration: There may be configuration issues in the Asset Accounting settings that prevent the carryforward from being executed properly.
  Posting Period Issues: The posting period may not be open for the specified fiscal year, which can also lead to this error.
  
  Solution:
  
  
  Execute Balance Carryforward:
  
  Go to the transaction code AJAB (Balance Carryforward for Asset Accounting).
  Ensure that the carryforward process is executed for the relevant company code and ledger for the fiscal year in question.
  Check the logs after execution to confirm that the carryforward was successful and that there are no errors.
  
  
  
  Check Configuration:
  
  Review the configuration settings in Asset Accounting to ensure that they are set up correctly for the carryforward process.
  Ensure that the fiscal year variant is correctly assigned to the company code and that the periods are defined properly.
  
  
  
  Open Posting Periods:
  
  Verify that the posting periods for the relevant fiscal year are open. You can check this in the transaction code OB52 (Open and Close Posting Periods).
  If the posting period is closed, you may need to open it temporarily to allow for the necessary postings.
  
  
  
  Review Previous Year Transactions:
  
  Ensure that all necessary transactions for the previous fiscal year have been completed and posted before executing the carryforward.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AJAB: Execute balance carryforward for Asset Accounting.
  OB52: Open and close posting periods.
  S_ALR_87012086: Asset History Sheet, which can help in reviewing asset balances.
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed steps on balance carryforward and related processes.
  
  
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP FI-AA expert for further assistance.
  
  
  By addressing the balance carryforward requirement, you should be able to resolve the FAA_POST124 error and proceed with your asset postings.