How To Fix FICUSTOM148 - Reversal and document to be reversed are in different fiscal years

SAP Error Message - Details

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 148

• Message text: Reversal and document to be reversed are in different fiscal years

Self-Explanatory Message

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• What is the cause and solution for SAP error message FICUSTOM148 - Reversal and document to be reversed are in different fiscal years ?

  The SAP error message FICUSTOM148 indicates that there is an issue with reversing a financial document because the reversal document and the document to be reversed are in different fiscal years. This typically occurs in the context of financial accounting when trying to reverse a transaction that was posted in a previous fiscal year while the current fiscal year is open.
  Cause:
  
  Different Fiscal Years: The original document was posted in one fiscal year, and you are attempting to reverse it in a different fiscal year.
  Fiscal Year Settings: The system settings may restrict reversals across fiscal years based on company policy or configuration.
  Document Type Restrictions: Certain document types may have restrictions on reversals across fiscal years.
  
  Solution:
  
  Check Fiscal Year Settings: Ensure that the fiscal year settings in your SAP system allow for reversals across fiscal years. This may involve checking the configuration in the Financial Accounting (FI) module.
  Use Year-End Closing Procedures: If the fiscal year has been closed, you may need to follow the year-end closing procedures to open the previous fiscal year for adjustments or reversals.
  Reverse in the Correct Year: If possible, reverse the document in the fiscal year in which it was originally posted. This may involve temporarily adjusting your current work to accommodate this.
  Manual Adjustments: If the reversal cannot be processed due to system restrictions, consider making a manual adjustment or correction entry in the current fiscal year to reflect the necessary changes.
  Consult with Finance Team: Work with your finance or accounting team to determine the best course of action based on your organization's policies and procedures.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB08 (Reverse Document) and FBRA (Reset Cleared Items) to understand how to navigate the reversal process.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  Documentation: Review SAP documentation or user manuals related to financial document management and fiscal year-end processes for additional guidance.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a professional with expertise in SAP Financial Accounting.