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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI120 - You need to allow inventory postings (Cash Budget Mgmt) for year & ?

  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 done by a user with the appropriate authorization in the financial settings.
  
  Navigate to the transaction code OB52 (Change View "Periods": Overview) to check and modify the posting periods.
  
  
  
  Check Configuration Settings: Review the configuration settings in the Cash Budget Management module to ensure that inventory postings are allowed for the specified year.
  
  This can be done through the transaction code SPRO (SAP Reference IMG) and navigating to the relevant settings for Cash Budget Management.
  
  
  
  User Authorizations: Ensure that the user attempting the posting has the necessary authorizations to post inventory transactions. This may involve checking user roles and permissions in the user management settings.
  
  
  Consult Documentation: If the issue persists, consult the SAP documentation or reach out to your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for opening/closing periods) and SPRO (for configuration).
  SAP Notes: Check for any SAP Notes related to FI120 for additional insights or patches that may address the issue.
  User Roles: Review the user roles and authorizations in your SAP system to ensure compliance with posting requirements.
  
  By following these steps, you should be able to resolve the FI120 error and allow the necessary inventory postings for the specified fiscal year.