How To Fix FU005 - Fiscal year must be 2 years in the past (company code &)

SAP Error Message - Details

• Message type: E = Error

• Message class: FU - Utilities

• Message number: 005

• Message text: Fiscal year must be 2 years in the past (company code &)

What causes this issue?

The year whose transaction figures are to be deleted must be at
least two years in the past.

System Response

The processing cannot be continued.

How to fix this error?

Check which fiscal year variant company code &V1& uses and whether this
variant is defined correctly. If this is so, the transaction figures
cannot be deleted at the moment.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FU005 - Fiscal year must be 2 years in the past (company code &) ?

  The SAP error message FU005 indicates that the fiscal year you are trying to process is more than two years in the past for the specified company code. This error typically occurs when you attempt to post a transaction or perform an action that involves a fiscal year that is not allowed by the system's configuration.
  Cause:
  
  Fiscal Year Limitation: SAP has a built-in restriction that prevents users from posting to a fiscal year that is more than two years old. This is to ensure data integrity and to prevent changes to historical financial data that could affect reporting and compliance.
  Company Code Configuration: The company code settings may have specific fiscal year variants that enforce this limitation.
  
  Solution:
  
  Check the Fiscal Year: Verify the fiscal year you are trying to post to. Ensure that it is within the allowed range (i.e., not more than two years in the past).
  Change Posting Date: If you are trying to post a transaction, change the posting date to the current fiscal year or the previous fiscal year.
  Adjust Configuration (if necessary): If there is a legitimate business need to post to older fiscal years, you may need to adjust the configuration settings in SAP. This typically requires:
  
  Consulting with your SAP Basis or Finance team: They can help assess whether the configuration can be changed and what implications it may have.
  Using transaction code OBY6: This allows you to change the fiscal year settings, but be cautious as it can have significant impacts on financial reporting.
  
  
  Use Special Transactions: In some cases, you may need to use special transactions or adjustments (like adjustments or corrections) that are designed to handle historical data without violating the fiscal year restrictions.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific guidance or updates related to this error message. SAP frequently updates its documentation and may have specific notes addressing this issue.
  Documentation: Review the SAP Financial Accounting (FI) documentation for more details on fiscal year settings and restrictions.
  User Roles and Permissions: Ensure that you have the appropriate permissions to make changes to financial data and fiscal year settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financial Accounting.