How To Fix FMFG043 - &2- Anticipated account &1 should be adjusted to zero at year-end

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 043

• Message text: &2- Anticipated account &1 should be adjusted to zero at year-end

What causes this issue?

Treasury Account Symbol failed Edit 4- Zero Balance Check for
Anticipated Accounts.
This edit checks that <ZU>all</> anticipated accounts are zero at
year-end.
This edit parallels Edit 4 as performed by Treasury when FACTS II data
for fourth quarter reporting is being processed.

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 FMFG043 - &2- Anticipated account &1 should be adjusted to zero at year-end ?

  The SAP error message FMFG043 indicates that there is an issue with the anticipated account in the Funds Management (FM) module. Specifically, it suggests that the anticipated account (account &1) should be adjusted to zero at year-end, but it has not been done. This error typically arises during the year-end closing process when the system checks the balances of anticipated accounts.
  Cause:
  
  Uncleared Anticipated Accounts: The anticipated account has a non-zero balance at year-end, which is not allowed as per the financial management rules.
  Incorrect Configuration: The configuration settings for the anticipated accounts may not be set up correctly, leading to balances not being cleared.
  Missing Year-End Closing Activities: Certain year-end closing activities may not have been performed, such as clearing or adjusting anticipated accounts.
  
  Solution:
  
  
  Clear the Anticipated Account:
  
  Review the transactions that have been posted to the anticipated account.
  If there are valid entries, consider whether they need to be reversed or adjusted.
  Use transaction codes like FMAVCR01 (for clearing) or FMAVCR02 (for adjusting) to clear the anticipated account.
  
  
  
  Check Configuration:
  
  Ensure that the configuration for the anticipated accounts is set up correctly in the Funds Management settings.
  Verify that the account is marked for year-end adjustment.
  
  
  
  Perform Year-End Closing Activities:
  
  Ensure that all necessary year-end closing activities have been completed.
  This may include running specific reports or programs that handle the clearing of anticipated accounts.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your organization's internal guidelines for handling anticipated accounts and year-end processes.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in the FM module, such as FMAVCR01, FMAVCR02, and others related to year-end closing.
  SAP Notes: Check for any SAP Notes related to FMFG043 for additional guidance or patches that may address the issue.
  Training: Consider training sessions or workshops on Funds Management and year-end closing processes to better understand how to manage anticipated accounts.
  
  By following these steps, you should be able to resolve the FMFG043 error and ensure that your anticipated accounts are properly adjusted to zero at year-end.