How To Fix FGL_MIG_BCF003 - Balance carryforward cannot be performed for fiscal year &1

FGL_MIG_BCF003 - Overview

• Message type: E = Error

• Message class: FGL_MIG_BCF - SAP S/4HANA Finance Migration: Initial Balance Carryforward

• Message number: 003

• Message text: Balance carryforward cannot be performed for fiscal year &1

What causes this issue?

You want to perform a balance carryforward for company code &V2&, fiscal
year &V1&, ledger &V3&. However, no opening balances have been
transferred for the fiscal year &V1& during the migration to
<LS>General Ledger Accounting (new)</>. The FI documents for the
specified fiscal year have already been archived.

System Response

A balance carryforward is possible only if opening balances are
available in <LS>General Ledger Accounting (new)</>. Consequently, the
system cannot perform the balance carryforward for the specified fiscal
year.

How to fix this error?

Specify a fiscal year that was included in the transfer of opening
balances during the migration to <LS>General Ledger Accounting (new)</>.
You can specify any fiscal year after and including &V4&.

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 FGL_MIG_BCF003 - Balance carryforward cannot be performed for fiscal year &1 ?

  The SAP error message FGL_MIG_BCF003 indicates that the balance carryforward cannot be performed for the specified fiscal year. This error typically arises during the year-end closing process when attempting to carry forward balances from one fiscal year to the next.
  Causes:
  
  Incorrect Configuration: The fiscal year variant may not be properly configured, or the settings for balance carryforward may not be correctly defined.
  Open Periods: The fiscal year you are trying to carry forward may have open periods that prevent the carryforward process from completing.
  Missing Authorizations: The user executing the carryforward may lack the necessary authorizations to perform the operation.
  Incomplete Closing Activities: Previous closing activities for the fiscal year may not have been completed, such as closing the previous fiscal year or not executing all necessary closing transactions.
  Technical Issues: There may be technical issues or inconsistencies in the system that prevent the carryforward from being executed.
  
  Solutions:
  
  Check Configuration: Verify the configuration of the fiscal