How To Fix FINS_FI_MIG092 - company code &1: year end close &2 required

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_MIG - SAP S/4HANA Finance: Data Migration

• Message number: 092

• Message text: company code &1: year end close &2 required

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_MIG092 - company code &1: year end close &2 required ?

  The SAP error message FINS_FI_MIG092 indicates that a year-end closing process is required for a specific company code before you can proceed with certain financial operations. This message typically arises during financial migrations or when trying to perform year-end activities in the SAP system.
  Cause:
  The error occurs because the system has detected that the year-end closing for the specified company code has not been completed for the specified fiscal year. This is a necessary step in the financial closing process to ensure that all financial data is accurately reflected and that the system is ready for the new fiscal year.
  Solution:
  To resolve this error, you need to perform the following steps:
  
  
  Complete Year-End Closing:
  
  Navigate to the year-end closing transaction in SAP. This is usually done through the Financial Accounting (FI) module.
  Execute the year-end closing process for the specified company code and fiscal year. This may involve running specific programs or transactions, such as:
  
  Transaction Code: F.07 (Year-End Closing)
  Transaction Code: F.01 (Financial Statement)
  
  
  Ensure that all necessary postings and adjustments are made before closing the year.
  
  
  
  Check for Open Items:
  
  Review any open items in accounts that may prevent the year-end closing. Clear any discrepancies or outstanding items that need to be addressed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's internal guidelines for the year-end closing process to ensure that all steps are followed correctly.
  
  
  
  Authorization:
  
  Ensure that you have the necessary authorizations to perform the year-end closing. If not, contact your SAP administrator or finance team for assistance.
  
  
  
  Testing:
  
  If you are in a testing environment, ensure that the year-end closing is performed in the correct sequence and that all necessary configurations are in place.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  Training: Consider training sessions or workshops on year-end closing processes in SAP to familiarize yourself with the necessary steps and best practices.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  By completing the year-end closing for the specified company code, you should be able to resolve the FINS_FI_MIG092 error and proceed with your financial operations.