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

FAGL_ACCOUNT_BALANCE012 - Overview

• 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.

FAGL_ACCOUNT_BALANCE012 - Details

• 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