How To Fix FINS_IC_CUST008 - Close fiscal year &1 for company code &2 in FI-AA.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 008

• Message text: Close fiscal year &1 for company code &2 in FI-AA.

What causes this issue?

In FI-AA the fiscal year &V1& has not yet been closed for company code
&V2&. Therefore, you cannot proceed for company code &V2& with the
project because all previous years must be closed in FI-AA before data
processing can begin.

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?

Perform the <DS:TRAN.AJAB>year-end closing</> in FI-AA for company code
&V2& in fiscal year &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CUST008 - Close fiscal year &1 for company code &2 in FI-AA. ?

  The SAP error message FINS_IC_CUST008 indicates that the fiscal year for a specific company code has not been closed in the Asset Accounting (FI-AA) module. This error typically arises when you attempt to perform transactions that require the fiscal year to be closed, such as posting new transactions or running reports.
  Cause:
  The error occurs because:
  
  The fiscal year for the specified company code has not been closed in the Asset Accounting module.
  There may be open periods in the Asset Accounting that prevent the closing of the fiscal year.
  The configuration settings for the fiscal year closing process may not have been properly set up.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check the Fiscal Year Status:
  
  Go to the transaction code OB52 to check the open and closed periods for the company code in question. Ensure that the fiscal year is indeed closed.
  
  
  
  Close the Fiscal Year:
  
  If the fiscal year is not closed, you need to perform the fiscal year closing process in Asset Accounting. This can typically be done using the transaction code AJAB (Year-End Closing for Asset Accounting).
  Follow the prompts to close the fiscal year for the specified company code.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for fiscal year closing in Asset Accounting is correctly set up. This includes checking the settings in the Asset Accounting configuration (transaction code SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Period-End Closing > Close Fiscal Year and verify the settings.
  
  
  
  Check for Open Transactions:
  
  Ensure there are no pending transactions that need to be processed before closing the fiscal year. This includes checking for any unposted documents or transactions that may be affecting the closing process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for detailed steps on closing the fiscal year in Asset Accounting, as the process may vary based on your specific SAP version and configuration.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AJAB: Year-End Closing for Asset Accounting
  OB52: Maintain Periods
  SPRO: SAP Reference IMG for configuration settings
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to perform fiscal year closing activities in the system.
  
  
  
  By following these steps, you should be able to resolve the FINS_IC_CUST008 error and successfully close the fiscal year for the specified company code in Asset Accounting.