How To Fix FV060 - Opening balance is 0

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 060

• Message text: Opening balance is 0

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FV060 - Opening balance is 0 ?

  The SAP error message FV060, which states "Opening balance is 0," typically occurs in the context of financial transactions, particularly when dealing with asset accounting or general ledger accounts. This error indicates that the system is unable to process a transaction because the opening balance for the specified account is zero, which may not be valid for the operation being performed.
  Causes of FV060 Error
  
  
  No Initial Balance: The account in question may not have been initialized with an opening balance. This can happen if the account was created but not properly set up with initial values.
  
  
  Incorrect Period: The transaction may be attempted in a period where the opening balance has not been defined or is not relevant.
  
  
  Data Migration Issues: If data was migrated from another system, there may have been issues in transferring the opening balances correctly.
  
  
  Configuration Issues: The configuration settings for the asset or account may not be set up correctly, leading to discrepancies in expected balances.
  
  
  Posting Periods: The posting period may be closed, preventing any transactions that would normally adjust the balance.
  
  
  Solutions to FV060 Error
  
  
  Check Account Setup: Verify that the account has been set up correctly with an appropriate opening balance. If necessary, enter the opening balance using the appropriate transaction (e.g., using the transaction code AS01 for asset accounts).
  
  
  Review Posting Periods: Ensure that the posting period is open and that you are attempting to post in the correct period. You can check this in the transaction code OB52.
  
  
  Data Migration Review: If the error occurred after a data migration, review the migration process to ensure that all opening balances were transferred correctly.
  
  
  Adjust Configuration: If the account is part of a specific configuration (like asset accounting), ensure that all related settings are correctly configured.
  
  
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidance related to your configuration and version of SAP.
  
  
  Use Transaction Codes: Utilize transaction codes like FBL3N (for G/L accounts) or AS03 (for asset accounts) to check balances and ensure that the account is correctly populated.
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS01: Create Asset
  AS02: Change Asset
  FBL3N: Display G/L Account Line Items
  OB52: Open and Close Posting Periods
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform the transaction.
  
  
  Consulting SAP Help: The SAP Help Portal can provide additional insights and troubleshooting steps specific to your version of SAP.
  
  
  By following these steps, you should be able to identify the cause of the FV060 error and implement a solution to resolve it.