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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIAAGEN_IS005 - Company code &1: Current Fiscal Year &2 < Reporting Year &3 ?

  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 transaction code OB29 to review the fiscal year variant settings.
  Ensure that the fiscal year variant is correctly defined and that the current fiscal year is set up properly.
  
  
  
  Verify Reporting Year:
  
  Check the reporting year being used in the transaction or report. Ensure that it is not set to a future year that exceeds the current fiscal year.
  If you are running a report, verify the parameters you are using to ensure they are correct.
  
  
  
  Adjust Periods:
  
  If necessary, adjust the open and closed periods for the company code in transaction code OB52. Ensure that the periods are correctly defined for the current fiscal year.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific configurations related to your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above settings, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variant
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that the user executing the transaction has the necessary authorizations to access and modify fiscal year settings.
  
  By following these steps, you should be able to identify and resolve the issue causing the FIAAGEN_IS005 error in SAP.