How To Fix FR305 - Bal.carr.forward exists until &; update possible as from &

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 305

• Message text: Bal.carr.forward exists until &; update possible as from &

What causes this issue?

The lower limit of the posting date interval is too old. A run going up
to a later date has already been executed for the given company code.
An update of the dicument journal is only possible starting from this
later date.

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?

The system automatically adapts the lower limit of the posting date
interval to the earliest possible time. This may necessitate an
adjustment of the upper limit.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR305 - Bal.carr.forward exists until &; update possible as from & ?

  The SAP error message FR305 indicates that there is a balance carried forward (Bal.carr.forward) that exists until a certain date, and updates to the financial data are only possible from a specified date onward. This message typically arises in the context of financial closing processes, particularly in the area of Financial Accounting (FI) and Controlling (CO).
  Cause:
  
  Balance Carry Forward: The error occurs when there are balances that have been carried forward from a previous fiscal year or period, and the system is preventing updates to the financial data until the carry forward process is completed.
  Period Locking: The period in which you are trying to post transactions may be locked or closed, which means that no further postings can be made until the next open period.
  Configuration Issues: There may be configuration settings in the financial module that restrict postings to certain periods.
  
  Solution:
  
  Check the Carry Forward Process: Ensure that the balance carry forward process has been completed successfully. You may need to run the carry forward program again if it was not executed properly.
  Open the Period: If you need to make postings in a closed period, you may need to open that period in the configuration settings. This can be done by navigating to the transaction code OB52 (Maintain Periods) and adjusting the settings accordingly.
  Review Posting Dates: Ensure that the posting date of the transaction you are trying to execute falls within an open period. If it is outside the allowed range, adjust the posting date.
  Consult with Finance Team: If you are unsure about the implications of opening a period or running the carry forward process, consult with your finance team or SAP FI/CO consultant for guidance.
  
  Related Information:
  
  Transaction Codes: 
  
  OB52: To maintain the open and closed periods for financial postings.
  S_ALR_87012357: To view balance carry forward reports.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on balance carry forward and period management in SAP FI/CO.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the FR305 error and proceed with your financial postings.