How To Fix FINS_RECON107 - &1: Balances older than fiscal year &3 will not be migrated

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_RECON - SAP S/4HANA Finance Migration: Reconciliation

• Message number: 107

• Message text: &1: Balances older than fiscal year &3 will not be migrated

What causes this issue?

In your customizing you have specified, that no balance entry older than
fiscal year &V3& will be migrated. However<(>,<)> the oldest entry in
table &V2& was posted in fiscal year &V4&. Provided that Customizing was
set up correctly<(>,<)> you can proceed with the migration. However, the
entries in table &V2&<(>,<)> which are older than fiscal year &V3&<(>
,<)> will not be migrated.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_RECON107 - &1: Balances older than fiscal year &3 will not be migrated ?

  The SAP error message FINS_RECON107 indicates that there are balances in the system that are older than the specified fiscal year, and these balances cannot be migrated during the migration process. This error typically occurs during the migration of financial data, especially when transitioning to a new system or during a financial year-end closing process.
  Cause:
  
  Old Balances: The primary cause of this error is the presence of balances in the system that are older than the fiscal year specified in the error message. SAP restricts the migration of these older balances to ensure data integrity and compliance with financial reporting standards.
  Configuration Settings: The system may be configured to only allow the migration of balances from a certain fiscal year onward, which can lead to this error if there are older balances present.
  Data Cleanup: There may be unprocessed transactions or incomplete postings that have resulted in old balances that need to be addressed.
  
  Solution:
  
  Review Balances: Check the balances in the system to identify which accounts have entries older than the specified fiscal year. You can use transaction codes like FBL3N (for G/L accounts) or FBL1N (for vendor accounts) to review the balances.
  Data Cleanup: If possible, clear or adjust the old balances. This may involve:
  
  Posting adjustments to bring the balances up to date.
  Clearing old items that are no longer relevant.
  Archiving old data if it is no longer needed for reporting.
  
  
  Configuration Review: Review the migration settings in the system to ensure they align with your business requirements. You may need to adjust the fiscal year settings to allow for the migration of older balances if that is appropriate for your organization.
  Consult Documentation: Refer to SAP documentation or notes related to the migration process for specific guidance on handling this error.
  Engage SAP Support: If the issue persists or if you are unsure how to proceed, consider reaching out to SAP support for assistance. They can provide insights based on your specific system configuration and requirements.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for reviewing balances and performing adjustments (e.g., FBL3N, FBL1N, FBL5N).
  Migration Tools: Understand the tools and processes involved in the migration, such as the SAP S/4HANA Migration Cockpit or other data migration tools.
  Fiscal Year Settings: Review your fiscal year settings in the system to ensure they are correctly configured for your business processes.
  Data Archiving: Consider implementing a data archiving strategy to manage old data effectively and prevent similar issues in the future.
  
  By addressing the underlying causes of the error and following the suggested solutions, you should be able to resolve the FINS_RECON107 error and successfully migrate your financial data.