How To Fix FSBP_FISCAL_YEAR011 - Fiscal year start &1 is in the future in fiscal year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FSBP_FISCAL_YEAR - Fiscal Year Information

• Message number: 011

• Message text: Fiscal year start &1 is in the future in fiscal year &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FSBP_FISCAL_YEAR011 - Fiscal year start &1 is in the future in fiscal year &2 ?

  The SAP error message FSBP_FISCAL_YEAR011 indicates that there is an issue with the fiscal year settings in your SAP system. Specifically, the error states that the fiscal year start date is set in the future for the specified fiscal year. This can occur in various scenarios, such as when trying to post transactions or perform year-end closing activities.
  Cause:
  
  Future Fiscal Year Start Date: The fiscal year start date for the specified fiscal year is set to a date that is later than the current date.
  Incorrect Configuration: The fiscal year settings in the system may not be configured correctly, leading to discrepancies between the current date and the defined fiscal year.
  Posting Date: The posting date of the transaction you are trying to execute falls within a future fiscal year.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Fiscal Year Settings:
  
  Go to the transaction code OB29 (or OB52 for posting periods) to review the fiscal year variant settings.
  Ensure that the start date of the fiscal year is correctly set and not in the future.
  
  
  
  Adjust Posting Date:
  
  If you are trying to post a transaction, check the posting date. Ensure that it is not set to a date that falls within a future fiscal year.
  
  
  
  Change Fiscal Year Variant:
  
  If necessary, you may need to change the fiscal year variant or adjust the periods to allow postings in the current fiscal year.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the fiscal year settings or how to adjust them, consult with your finance or accounting team to ensure compliance with your organization's financial policies.
  
  
  
  System Date Check:
  
  Ensure that the system date is correct. Sometimes, discrepancies can arise if the system date is set incorrectly.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variant
  OB52: Open and Close Posting Periods
  
  
  Documentation: Refer to SAP Help documentation for detailed information on fiscal year settings and configuration.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to fiscal year settings.
  
  By following these steps, you should be able to resolve the error and ensure that your fiscal year settings are correctly configured.