How To Fix FI120 - You need to allow inventory postings (Cash Budget Mgmt) for year &

FI120 - Overview

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 120

• Message text: You need to allow inventory postings (Cash Budget Mgmt) for year &

What causes this issue?

You tried to post to a fiscal year which is not allowed for Cash Budget
Management balances. The fiscal year may have been derived from a date
input (value date, baseline date, delivery date, and so on).

How to fix this error?

Check whether the date you have entered in the posting is incorrect.
You can enter the years for the Cash Budget Management balances in the
implementation guide. Extend the start-finish year timespan so that it
covers the year you are working with. <DS:TRAN.OFGE>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

FI120 - Details

• The SAP error message FI120, which states "You need to allow inventory postings (Cash Budget Mgmt) for year &," typically occurs in the context of cash budget management when there are restrictions on posting inventory transactions for a specific fiscal year. This error can arise in various scenarios, such as during the year-end closing process or when trying to post transactions that affect inventory in a year that is not open for postings.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year in question may be closed, and the system does not allow postings to that year.
  Configuration Settings: The configuration settings in the Cash Budget Management module may not allow inventory postings for the specified year.
  Authorization Issues: The user may not have the necessary authorizations to perform inventory postings for the specified year.
  
  
  Solution:
  
  
  Open the Fiscal Year: If the fiscal year is closed, you may need to open it for postings. This can typically be