How To Fix FINS_FI_SIF302 - Posting to ledger &1 before fiscal year &2 is not permitted

FINS_FI_SIF302 - Overview

• Message type: E = Error

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

• Message number: 302

• Message text: Posting to ledger &1 before fiscal year &2 is not permitted

What causes this issue?

Ledger &V1& is a source ledger for a subsequently introduced ledger &V4&
in company code &V3&. The activation fiscal year is &V2&. Postings to
ledger &V1& before &V2& are not permitted, because the opening balances
of the two ledgers in &V2& will remain the same.

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_SIF302 - Details

• The SAP error message FINS_FI_SIF302 indicates that there is an attempt to post a financial transaction to a ledger before the specified fiscal year is open. This is a common issue in financial accounting within SAP, and it typically arises when users try to post transactions to a period that is not yet available for posting.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to is closed or not yet opened in the system.
  Posting Period Configuration: The posting period for the ledger is not open for the specified fiscal year.
  Incorrect Ledger: The ledger you are trying to post to may not be configured to allow postings for the specified fiscal year.
  
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 (Maintain Posting Periods) to check the status of the fiscal year and the posting periods.
  Ensure that the fiscal year you are trying to post to is open for the