How To Fix FINS_SIS_BAL038 - The fiscal year for ledger &1 and company code &2 isn't closed.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_SIS_BAL - Impl. of Doc. Splitting: Balances

• Message number: 038

• Message text: The fiscal year for ledger &1 and company code &2 isn't closed.

What causes this issue?

The fiscal year for ledger &V1& and company code &V2& isn't closed.

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?

Please ensure that you have completed the <LS>Confirm Fiscal Year
Closure</> step in the
<DS:SIMG.FINS_MPROJ_COCKPI_06>project cockpit</>.

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_SIS_BAL038 - The fiscal year for ledger &1 and company code &2 isn't closed. ?

  The SAP error message FINS_SIS_BAL038 indicates that the fiscal year for a specific ledger and company code is not closed. This error typically arises when you attempt to perform certain operations, such as reporting or posting, in a fiscal year that has not been finalized.
  Cause:
  
  Open Fiscal Year: The fiscal year for the specified ledger and company code is still open, meaning that transactions can still be posted to it.
  Configuration Issues: There may be configuration settings in the SAP system that prevent the fiscal year from being closed.
  Pending Transactions: There might be pending transactions or adjustments that need to be completed before the fiscal year can be closed.
  
  Solution:
  
  
  Close the Fiscal Year:
  
  Navigate to the transaction code OB52 (Open and Close Posting Periods).
  Check the settings for the relevant company code and ledger. If the fiscal year is open, you can close it by adjusting the posting periods.
  Ensure that all necessary transactions for the fiscal year have been completed before closing.
  
  
  
  Check for Pending Transactions:
  
  Review any pending transactions that may need to be processed before the fiscal year can be closed.
  Ensure that all necessary adjustments, reconciliations, and postings are completed.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about closing the fiscal year or if there are specific reasons for keeping it open, consult with your finance or accounting team to understand the implications.
  
  
  
  Review Configuration:
  
  If the fiscal year should be closed but is still open, review the configuration settings in the SAP system to ensure they are set up correctly.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: To manage open and closed posting periods.
  S_ALR_87012301: To view the fiscal year closing report.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on closing fiscal years and managing posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year closing and the error message FINS_SIS_BAL038.
  
  
  Testing: After making changes, perform tests to ensure that the error does not reoccur and that the fiscal year is properly closed.
  
  
  By following these steps, you should be able to resolve the error and successfully manage the fiscal year closing process in SAP.