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

FIPT_SAFT007 - Overview

• 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