How To Fix FINS_FI_SIF005 - Balance carryforward is not allowed for &1 / &2

FINS_FI_SIF005 - Overview

• Message type: E = Error

• Message class: FINS_FI_SIF - SAP S/4HANA Finance: Subsequent Implementation of Functions

• Message number: 005

• Message text: Balance carryforward is not allowed for &1 / &2

What causes this issue?

Ledger &V1& was defined as a source ledger for subsequent implementation
of a new ledger in company code &V2&. The balance carry forward values
in the source ledger are the basis for the opening balances in the new
ledger. As the data transfer has already been started in the new ledger,
the balance carry forward is no longer allowed in the source ledger.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You can configure this message according to your requirements.
To change the message, choose
<DS:SIMG.SIMG_CFORFBOBA5BELE>Change Message Control for Document
Processing</> in Customizing for global settings in Financial
Accounting.
You can find the application area and message number in the technical
information.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_FI_SIF005 - Details

• The SAP error message FINS_FI_SIF005 indicates that a balance carryforward is not allowed for a specific account or company code combination. This error typically arises during the year-end closing process when the system attempts to carry forward balances from one fiscal year to the next.
  
  Cause:
  
  Account Type Restrictions: The account for which the carryforward is being attempted may not be configured to allow balance carryforward. This can happen if the account is not set up as a balance sheet account or if it is a temporary account.
  Company Code Settings: The company code may have specific settings that prevent carryforward for certain accounts or under certain conditions.
  Fiscal Year Settings: The fiscal year variant may not be properly configured, or the carryforward process may not have been executed correctly in previous years.
  Open Items: There may be open items in the account that prevent the carryforward from being processed.
  Incorrect Configuration: The configuration settings in