How To Fix FU011 - Fiscal year for company code & is still &

SAP Error Message - Details

• Message type: E = Error

• Message class: FU - Utilities

• Message number: 011

• Message text: Fiscal year for company code & is still &

What causes this issue?

The balance carried forward program is to be started in the old year.

System Response

This message is for information only - it is not an error message.
Its purpose is to make you aware that further postings to the old
fiscal year do not automatically adjust the balance carried forward in
the new fiscal year. This is because these postings are not posted to
the old fiscal year.
Although this restriction does not apply to carrying forward G/L
balances (SAPF011), SAP recommends that you run balance carried forward
programs at the start of the new fiscal year.

How to fix this error?

SAP recommends that you always run balance carried forward programs at
the start of the new fiscal year.
You can still carry out these programs in the old fiscal year as long
as you observe the following:

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

SAPF010
If (according to the posting date) you are still in the old (current)
fiscal year, you should make no further customer or vendor postings.
If you do post to the old fiscal year, the "Carry Forward Receivables/
Payables" program SAPF010 must be restarted for the old fiscal year.
This ensures that the balances carried forward are updated with the new
postings. To do this, you can execute SAPF010 once at the start of the
new fiscal year.
SAPF011
There are no further conditions regarding carrying forward G/L
balances. After the program has run, you can still post to G/L accounts
in the old (current) fiscal year.
If you do so, the balances carried forward are automatically updated in
line with the new postings (automatic balance carry forward). You do
not need to rerun SAPF011 for the old fiscal year because the balances
are already updated.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FU011 - Fiscal year for company code & is still & ?

  The SAP error message FU011 indicates that there is an issue with the fiscal year settings for a specific company code. The message typically states that the fiscal year for the specified company code is still open or has not been properly defined, which can prevent certain financial transactions from being processed.
  Cause:
  
  Open Fiscal Year: The fiscal year for the specified company code is still open, meaning that it has not been closed in the system.
  Incorrect Configuration: The fiscal year variant may not be correctly assigned to the company code, or the fiscal year settings may not be properly configured.
  Period Locking: The posting period may be locked for the specified fiscal year, preventing any transactions from being posted.
  Missing Year-End Closing: The year-end closing process may not have been completed for the previous fiscal year.
  
  Solution:
  
  
  Check Fiscal Year Status:
  
  Go to the transaction code OB52 to check the open and closed posting periods for the company code. Ensure that the fiscal year is closed if it should not be open for posting.
  
  
  
  Review Company Code Configuration:
  
  Use transaction code OBY6 to check the assignment of the fiscal year variant to the company code. Ensure that the fiscal year variant is correctly assigned and configured.
  
  
  
  Close the Fiscal Year:
  
  If the fiscal year should be closed, perform the necessary year-end closing activities. This typically involves running the year-end closing program (transaction code AJAB for Asset Accounting or F.16 for General Ledger).
  
  
  
  Unlock Posting Periods:
  
  If the posting period is locked, you can unlock it in transaction code OB52 by adjusting the date ranges for the periods.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific steps related to your organization's configuration and processes.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OBY6: Assign Fiscal Year Variant to Company Code
  AJAB: Year-End Closing for Asset Accounting
  F.16: Year-End Closing for General Ledger
  
  
  
  SAP Notes: Check SAP Notes for any specific issues or patches related to the FU011 error message.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to the fiscal year settings and posting periods.
  
  
  By following these steps, you should be able to resolve the FU011 error and ensure that your fiscal year settings are correctly configured for the company code in question.