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

SAP Error Message - Details

• 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selected fiscal year using only data that has not been archived.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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR555 - Reconciliation via archive only permitted for current fiscal year ?

  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reconciliation activities to only the current fiscal year, and attempts to reconcile data from previous years that have been archived are not allowed.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 you are working within the current fiscal year. If you need to reconcile data from a previous year, you may need to unarchive the data or adjust your approach.
  Unarchive Data: If reconciliation of archived data is necessary, consider unarchiving the relevant data for the fiscal year you need to work with. This may require administrative access and should be done with caution.
  Consult with SAP Basis or FI/CO Team: If you are unsure about how to proceed, consult with your SAP Basis team or the financial accounting team to understand the implications of unarchiving data and to ensure compliance with your organization's policies.
  Review Archiving Policies: Review your organization's archiving policies and procedures to ensure they align with your reconciliation needs. Adjustments may be necessary if frequent reconciliation of historical data is required.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific guidance or updates related to error FR555. SAP frequently releases notes that provide solutions or workarounds for known issues.
  Documentation: Refer to SAP documentation regarding archiving and reconciliation processes to understand the best practices and system configurations.
  User Roles and Permissions: Ensure that you have the appropriate roles and permissions to perform reconciliation tasks, as restrictions may also be related to user access levels.
  
  By following these steps, you should be able to address the FR555 error and proceed with your reconciliation tasks effectively.