How To Fix FILAE509 - Fiscal year &3 before last closed year for company code &4

FILAE509 - Overview

• Message type: E = Error

• Message class: FILAE - Messages for Lease Accounting Engine

• Message number: 509

• Message text: Fiscal year &3 before last closed year for company code &4

Self-Explanatory Message

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FILAE509 - Details

• The SAP error message FILAE509 indicates that there is an issue with the fiscal year being processed in relation to the last closed fiscal year for a specific company code. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Fiscal Year Configuration: The fiscal year you are trying to process is earlier than the last closed fiscal year for the specified company code. This typically occurs when you attempt to post transactions or perform activities in a fiscal year that has already been closed in the system.
  Posting Periods: The posting periods for the fiscal year in question may not be open, or the fiscal year may not be configured correctly in the system.
  Year-End Closing: The year-end closing process may have been completed for the company code, which prevents any postings in prior years.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year for the company code in question.