How To Fix FAGL_ACCOUNT_BALANCE012 - Fiscal year &1 is not valid for ledger &2 and company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_ACCOUNT_BALANCE - Messages for Package FAGL_ACCOUNT_BALANCE (Balance Display)

• Message number: 012

• Message text: Fiscal year &1 is not valid for ledger &2 and company code &3

What causes this issue?

For the analysis, you have selected a ledger that was either implemented
or deactivated subsequently. However, this ledger has not been activated
in the specified company code for the specified fiscal year &V1&.

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?

Specify a fiscal year falling within the validity period of the ledger
&V2&.

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 FAGL_ACCOUNT_BALANCE012 - Fiscal year &1 is not valid for ledger &2 and company code &3 ?

  The SAP error message FAGL_ACCOUNT_BALANCE012 indicates that there is an issue with the fiscal year being used in a financial report or transaction. Specifically, it states that the fiscal year specified is not valid for the given ledger and company code. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Invalid Fiscal Year: The fiscal year you are trying to access may not be defined for the specified ledger and company code in the system.
  Ledger Configuration: The ledger may not be configured to allow postings or reporting for the specified fiscal year.
  Company Code Settings: The company code may not have the fiscal year set up correctly or may not be open for the specified period.
  Period Locking: The fiscal year or specific periods within that year may be locked for posting, preventing access to the data.
  
  Solution:
  
  
  Check Fiscal Year Settings:
  
  Go to the configuration settings for the ledger and company code in SAP.
  Ensure that the fiscal year you are trying to access is defined and active for the specified ledger and company code.
  
  
  
  Open/Close Fiscal Year:
  
  If the fiscal year is closed, you may need to open it for reporting or posting purposes. This can typically be done in the transaction code OB52 (Open and Close Posting Periods).
  
  
  
  Review Ledger Configuration:
  
  Check the configuration of the ledger in transaction code OBA7 (Define Ledgers) to ensure that it is set up correctly for the fiscal year in question.
  
  
  
  Check Company Code Settings:
  
  Verify the settings for the company code in transaction code OX15 (Edit Company Code) to ensure that the fiscal year is correctly defined.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the fiscal year settings or if changes are needed, consult with your finance or accounting team to ensure compliance with financial reporting standards.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  OBA7: Define Ledgers
  OX15: Edit Company Code
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year settings and ledgers.
  Documentation: Review SAP documentation for financial accounting to understand how fiscal years and ledgers are configured and managed.
  
  By following these steps, you should be able to resolve the FAGL_ACCOUNT_BALANCE012 error and ensure that the fiscal year is valid for the specified ledger and company code.