How To Fix FINS_FI_SIF037 - Implementation of ledger &1 for comp.code &2 in year &3 is not supported

FINS_FI_SIF037 - Overview

• Message type: E = Error

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

• Message number: 037

• Message text: Implementation of ledger &1 for comp.code &2 in year &3 is not supported

What causes this issue?

You are trying to implement the new ledger &V1& in Company Code &V2&
effective as of fiscal year &V3&. However, the data migration for this
company code took place in &V4&.

System Response

The system doesn't allow the implementation of a new ledger before or
during the year of data migration.

How to fix this error?

Adjust the activation year of the new ledger accordingly. It must be
later than the data migration year &V3&.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

FINS_FI_SIF037 - Details

• The SAP error message FINS_FI_SIF037 indicates that there is an issue with the implementation of a ledger for a specific company code in a particular fiscal year. This error typically arises in the context of Financial Accounting (FI) when trying to perform operations related to ledgers, such as posting transactions or executing reports.
  
  Cause:
  
  
  Unsupported Ledger Implementation: The ledger specified in the error message is not supported for the given company code and fiscal year. This could be due to:
  
  The ledger not being activated for the specified company code.
  The fiscal year not being properly configured for the ledger.
  The ledger being in a status that does not allow transactions (e.g., it may be marked for deletion or not yet activated).
  
  
  
  
  Configuration Issues: There may be configuration issues in the Financial Accounting settings, such as:
  
  Missing or incorrect settings in the ledger configuration.
  The company code not being assigned to the ledger.
  
  
  
  Versioning Issues: If there are multiple