How To Fix FILAE511 - Reversal not possible, fiscal year &2 already closed for company code &3

FILAE511 - Overview

• Message type: E = Error

• Message class: FILAE - Messages for Lease Accounting Engine

• Message number: 511

• Message text: Reversal not possible, fiscal year &2 already closed for company code &3

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FILAE511 - Reversal not possible, fiscal year &2 already closed for company code &3 ?

  The SAP error message FILAE511 indicates that a reversal of a financial document is not possible because the fiscal year for the specified company code has already been closed. This is a common issue in financial accounting when trying to reverse transactions in a closed period.
  
  Cause:
  
  Closed Fiscal Year: The primary cause of this error is that the fiscal year for the specified company code has been closed. Once a fiscal year is closed in SAP, no further postings (including reversals) can be made for that year.
  Document Type Restrictions: Certain document types may have restrictions on reversals based on the configuration in the system.
  Posting Periods: The posting period may also be closed, preventing any changes to financial documents.
  
  
  Solution:
  
  
  Open the Fiscal Year: If it is necessary to reverse the document, you can temporarily open the fiscal year. This can be done by:
  
  Navigating to the transaction code OB52 (Change Posting Periods).
  Adjusting the settings