How To Fix FIAAGEN_IS005 - Company code &1: Current Fiscal Year &2 < Reporting Year &3

FIAAGEN_IS005 - Overview

• Message type: E = Error

• Message class: FIAAGEN_IS - GEN FI-AA IS

• Message number: 005

• Message text: Company code &1: Current Fiscal Year &2 < Reporting Year &3

What causes this issue?

The current fiscal year in company code &V1& (the last year balance
carryforward was executed to) is smaller than Reporting Year.,,

System Response

Report may display no results, because there are not yet any entries
saved for the Reporting year in the database.

How to fix this error?

Execute balance carryforward (transaction FAGLGVTR) to the year for
which report is executed.

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.

FIAAGEN_IS005 - Details

• The SAP error message FIAAGEN_IS005 indicates a discrepancy between the current fiscal year and the reporting year for a specific company code. This error typically arises during financial reporting or when trying to execute certain transactions that involve fiscal year data.
  
  Cause:
  The error message "Company code &1: Current Fiscal Year &2 < Reporting Year &3" suggests that the system is trying to process data for a reporting year that is greater than the current fiscal year. This can happen due to several reasons:
  
  Incorrect Fiscal Year Settings: The fiscal year settings in the system may not be configured correctly, leading to inconsistencies.
  Data Entry Errors: Users may have entered the wrong reporting year in their transactions or reports.
  System 
  Configuration Issues: There may be issues with the configuration of the fiscal year variant or the periods defined in the system.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Fiscal Year Settings:
  
  Go to the