How To Fix FMFG042 - &2- &1 account should not have a beginning balance

FMFG042 - Overview

• Message type: E = Error

• Message class: FMFG - U.S. Federal Government Message Class

• Message number: 042

• Message text: &2- &1 account should not have a beginning balance

What causes this issue?

Treasury Account Symbol failed Edit 3A - Beginning Balances
Edit 3A checks account balance is not zero for SGL accounts in Edit 3
customizing table.

System Response

Error message issued.

How to fix this error?

Review message to determine its cause and handle as follows:
Footnote required
Create a footnote using the Maintain Footnotes program
Posting in system was incorrect
Post correcting transaction. Rerun Extract and Edit programs.
Attribute derivation for FACTS II was incorrectly defined
Change derivation rules, then rerun derivations, extract, and edit
programs.
Errors because of missing MAF file data
Either upload correct MAF file, maintain existing MAF file, or ignore.

Procedure for System Administrators

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 FMFG042 - &2- &1 account should not have a beginning balance ?

  The SAP error message FMFG042 indicates that a specific account should not have a beginning balance. This error typically occurs in the context of Funds Management (FM) in SAP, where certain accounts are expected to start with a zero balance at the beginning of a fiscal year or period.
  
  Cause:
  
  Account Configuration: The account in question may be configured in such a way that it is not allowed to have a beginning balance. This is often the case for certain types of accounts, such as revenue or expense accounts, which should not carry over balances from previous periods.
  Data Entry Error: There may have been an error in data entry, where a beginning balance was incorrectly entered for an account that should not have one.
  Fiscal Year Change: If you are transitioning to a new fiscal year, the system may be enforcing rules that prevent any beginning balances from being carried over for specific