How To Fix FI742 - Carryforward type not suitable

SAP Error Message - Details

• Message type: E = Error

• Message class: FI - TR-FM Funds Management

• Message number: 742

• Message text: Carryforward type not suitable

What causes this issue?

You have assigned a carryforward parameter whose carryforward type is
not allowed here.
The following carryforward type allocations are allowed:

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Carrying forward commitment documents (fiscal year change):
"10": (FYC without acct assgmt change, 1 receiver, 100% or 0%)
"20": (FYC with acct assgmt change, 1 receiver, 100% or 0%)
Budget carryforward (fiscal year change):
"10": (FYC without acct assgmt change, 1 receiver, 100% or 0%)
"20": (FYC with acct assgmt change, 1 receiver, 100% or 0%)
"30": (FYC with acct assgmt change, 1 receiver, breakdown as req.)
"40": (FYC with acct assgmt change, n receivers, breakdown as req.)
Only account assignment changes (without fiscal year change):
"25": (Acct assgmt change only (no FYC), 1 receiver, only 100% or 0%)

How to fix this error?

Choose a carryforward parameter whose carryforward type is suitable.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI742 - Carryforward type not suitable ?

  The SAP error message FI742 "Carryforward type not suitable" typically occurs during the year-end closing process when the system attempts to carry forward balances from one fiscal year to the next. This error indicates that the carryforward type defined in the system is not appropriate for the specific account or scenario being processed.
  Causes:
  
  Incorrect Carryforward Type Configuration: The carryforward type assigned to the account may not be suitable for the type of account (e.g., balance sheet vs. profit and loss).
  Account Type Mismatch: The account being processed may not be configured to allow carryforward, or it may be a temporary account that should not have a carryforward.
  Missing or Incorrect Settings: The settings in the fiscal year variant or the carryforward settings in the financial accounting configuration may be incomplete or incorrect.
  Data Inconsistencies: There may be inconsistencies in the data that prevent the carryforward process from completing successfully.
  
  Solutions:
  
  
  Check Carryforward Type Configuration:
  
  Go to the configuration settings for carryforward types in SAP (Transaction Code: OBY6).
  Ensure that the carryforward type assigned to the relevant accounts is appropriate for the account type.
  
  
  
  Review Account Settings:
  
  Check the account settings in the Chart of Accounts (Transaction Code: FS00).
  Ensure that the accounts involved are set up correctly for carryforward.
  
  
  
  Verify Fiscal Year Variant Settings:
  
  Check the fiscal year variant settings (Transaction Code: OB29) to ensure that the carryforward settings are correctly defined.
  Make sure that the carryforward type is correctly assigned to the fiscal year variant.
  
  
  
  Run Carryforward Program:
  
  If the configuration is correct, try running the carryforward program again (Transaction Code: S_ALR_87012357 or through the year-end closing transaction).
  Ensure that all necessary preparatory steps for year-end closing have been completed.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the carryforward process for any specific requirements or additional configuration steps that may be needed.
  
  
  
  Check for SAP Notes:
  
  Search for relevant SAP Notes in the SAP Support Portal that may address this specific error message or provide additional guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  FS00 (G/L Account Master Record)
  OBY6 (Carryforward Types)
  OB29 (Fiscal Year Variant)
  S_ALR_87012357 (Year-End Closing Report)
  
  
  
  SAP Help Portal: You can refer to the SAP Help Portal for detailed documentation on financial closing processes and carryforward procedures.
  
  
  SAP Community: Engaging with the SAP Community can provide insights from other users who may have encountered similar issues.
  
  
  If the problem persists after checking the above points, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financial Accounting.