How To Fix FIPT_SAFT007 - The balance should be null after year-end closing

SAP Error Message - Details

• Message type: E = Error

• Message class: FIPT_SAFT - Messages for SAFT - Specfic for Portugal

• Message number: 007

• Message text: The balance should be null after year-end closing

What causes this issue?

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

System Response

The expected balance should be null after year-end closing. Either the
balance is incorrect, or you have not yet carried out year-end closing
procedures.

How to fix this error?

Please check if you have carried out year-end closing procedures for
this company code. If you have already carried out the year-end closing
procedure, you must recheck parameters or check if new postings were
made in the meantime.

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 FIPT_SAFT007 - The balance should be null after year-end closing ?

  The SAP error message FIPT_SAFT007 indicates that there is an issue with the balance of a specific account after the year-end closing process. This error typically arises in the context of the SAP Financial Accounting (FI) module, particularly when dealing with the Standard Audit File for Tax (SAFT) reporting.
  Cause:
  The error message "The balance should be null after year-end closing" suggests that the account in question has a non-zero balance when it is expected to be zero after the year-end closing process. This can occur due to several reasons:
  
  Incorrect Year-End Closing Process: The year-end closing process may not have been executed correctly, leading to balances not being cleared as expected.
  Open Items: There may be open items in the account that were not cleared during the closing process.
  Manual Adjustments: Manual postings or adjustments made after the year-end closing could result in a non-zero balance.
  Configuration Issues: There may be configuration issues in the financial settings that affect how balances are handled during the closing process.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Review Year-End Closing Process:
  
  Ensure that the year-end closing process was completed successfully. Check for any error messages or warnings during the process.
  
  
  
  Check Open Items:
  
  Review the account for any open items that may not have been cleared. Use transaction codes like FBL3N (Display G/L Account Line Items) to check for open items.
  
  
  
  Manual Adjustments:
  
  If there were any manual postings made after the year-end closing, consider reversing those entries if they are not necessary.
  
  
  
  Re-run Year-End Closing:
  
  If necessary, you may need to re-run the year-end closing process. Ensure that all necessary steps are followed and that there are no outstanding items.
  
  
  
  Consult Configuration:
  
  Check the configuration settings related to the account and the year-end closing process. Ensure that they are set up correctly according to your organization's policies.
  
  
  
  Consult SAP Notes:
  
  Look for any relevant SAP Notes that may address this specific error. SAP frequently releases notes that provide solutions or workarounds for known issues.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after following the above steps, consider reaching out to SAP Support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL3N (Display G/L Account Line Items), F.01 (Financial Statements), and S_ALR_87012301 (G/L Account Balances).
  Documentation: Review SAP documentation related to year-end closing procedures and the SAFT reporting requirements.
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.