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

SAP Error Message - Details

• 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specified fiscal year have already been archived.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 year variant and ensure that all settings related to balance carryforward are correctly defined.
  Review Open Periods: Check the open periods in the fiscal year and ensure that they are closed or that the carryforward is being attempted in the correct period.
  User Authorizations: Ensure that the user has the necessary authorizations to perform the balance carryforward.
  Complete Previous Closings: Make sure that all necessary closing activities for the previous fiscal year have been completed. This includes ensuring that all postings are finalized and that the previous year is closed.
  Check for Technical Issues: Look for any technical issues or inconsistencies in the system. This may involve checking logs or running consistency checks in the system.
  Consult Documentation: Refer to SAP documentation or notes related to the balance carryforward process for any specific instructions or troubleshooting steps.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (to manage posting periods) or S_ALR_87012357 (to check balance carryforward).
  SAP Notes: Check for relevant SAP Notes that may address this specific error or provide additional guidance.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.