How To Fix FIAAIT_IS009 - Company code &1,Ledger &2: Current Fiscal Year &3 < Reporting Year &4

FIAAIT_IS009 - Overview

• Message type: E = Error

• Message class: FIAAIT_IS - IT FI-AA IS

• Message number: 009

• Message text: Company code &1,Ledger &2: Current Fiscal Year &3 < Reporting Year &4

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 FIAAIT_IS009 - Company code &1,Ledger &2: Current Fiscal Year &3 < Reporting Year &4 ?

  The SAP error message FIAAIT_IS009 typically indicates a discrepancy between the current fiscal year and the reporting year in the context of financial accounting. This error can occur when you are trying to execute a transaction or generate a report that involves financial data, and the fiscal year settings do not align with the reporting year settings.
  
  Cause:
  
  Fiscal Year vs. Reporting Year Mismatch: The error suggests that the current fiscal year (e.g., 2023) is less than the reporting year (e.g., 2024). This can happen if you are trying to report on a future year that is not yet open for posting in the system.
  
  Configuration Issues: The company code or ledger may not be properly configured to allow reporting for the specified year.
  Posting Periods: The posting periods for the current fiscal year may not be open, or the system may be configured to restrict reporting to certain periods.
  
  
  Solution:
  
  Check Fiscal Year Settings: Verify