How To Fix FR555 - Reconciliation via archive only permitted for current fiscal year

FR555 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 555

• Message text: Reconciliation via archive only permitted for current fiscal year

What causes this issue?

You want to carry out a reconciliation using archived documents. This
is however only permitted for the current fiscal year.

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?

Enter the current fiscal year or carry out the reconciliation in the
selected fiscal year using only data that has not been archived.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FR555 - Details

• The SAP error message FR555, which states "Reconciliation via archive only permitted for current fiscal year," typically occurs in the context of financial reconciliation processes, particularly when dealing with archived data in SAP Financial Accounting (FI) or Controlling (CO) modules. This error indicates that the system is restricting reconciliation activities to only the current fiscal year, and attempts to reconcile data from previous years that have been archived are not allowed.
  
  Cause:
  
  Fiscal Year Restrictions: The system is designed to prevent reconciliation of archived data from previous fiscal years to ensure data integrity and compliance with accounting standards.
  Archiving Settings: The archiving settings in your SAP system may be configured to restrict access to historical data for reconciliation purposes.
  Data Integrity: This restriction is often in place to maintain the integrity of financial data and to ensure that only the most current and relevant data is used for reconciliation.
  
  
  Solution:
  
  Check Fiscal Year Settings: Ensure that