How To Fix FI251 - Fiscal year for FM area &1 is still &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 251

• Message text: Fiscal year for FM area &1 is still &2

What causes this issue?

You have started the balance carried forward program in the current
fiscal year to carry forward the balance to the new fiscal year.

System Response

The system will carry the balances forward.
Further postings in the old year will <ZH>not</> automatically correct
the balance carried forward in the new year.

How to fix this error?

If, having run the balance carryforward program, you make further
postings to the old fiscal year, you must run the program again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI251 - Fiscal year for FM area &1 is still &2 ?

  The SAP error message FI251 indicates that there is an issue with the fiscal year settings for a Funds Management (FM) area. Specifically, the message states that the fiscal year for the specified FM area is still open or has not been closed properly.
  Cause:
  
  Open Fiscal Year: The fiscal year for the specified FM area is still open, meaning that transactions can still be posted to that year.
  Incorrect Configuration: The fiscal year settings in the Funds Management area may not be configured correctly.
  Period Locking: The periods may not be locked for the fiscal year, allowing postings to occur when they should not.
  Year-End Closing Not Completed: The year-end closing process for the FM area may not have been completed, leaving the fiscal year open.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year for the specified FM area. You can do this by navigating to the Funds Management configuration and checking the fiscal year settings.
  Close the Fiscal Year: If the fiscal year is still open and you are ready to close it, you can perform the year-end closing process. This typically involves:
  
  Running the year-end closing program for Funds Management.
  Ensuring that all necessary postings have been made and that the fiscal year is ready to be closed.
  
  
  Lock Posting Periods: If the fiscal year should not allow any further postings, ensure that the posting periods are locked for that fiscal year.
  Review Configuration: Check the configuration settings in the Funds Management module to ensure that they are set up correctly for the fiscal year.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific steps related to your version of SAP and your organization's configuration.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FMX1 (for FM area settings) or OB52 (to manage posting periods) to check and modify settings.
  SAP Notes: Look for relevant SAP Notes that may address specific issues related to fiscal year closing in Funds Management.
  User Roles: Ensure that you have the necessary authorizations to perform the actions required to close the fiscal year or modify settings.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further assistance.