How To Fix FV700 - Document &1 was posted in fiscal year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 700

• Message text: Document &1 was posted in fiscal year &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FV700 - Document &1 was posted in fiscal year &2 ?

  The SAP error message FV700 indicates that a document (identified by &1) was posted in a specific fiscal year (identified by &2), and it typically arises when there is an attempt to perform an operation on a document that is not allowed due to fiscal year restrictions.
  Cause:
  
  Fiscal Year Restrictions: The error usually occurs when you try to reverse, change, or delete a document that was posted in a closed fiscal year. In SAP, once a fiscal year is closed, certain operations on documents from that year are restricted to maintain data integrity.
  Document Status: The document may be in a status that does not allow for the requested operation (e.g., it may be locked for changes).
  Configuration Settings: The system settings may restrict changes to documents in closed periods or fiscal years.
  
  Solution:
  
  Check Fiscal Year Status: Verify if the fiscal year in question is indeed closed. You can do this by checking the fiscal year settings in the Financial Accounting (FI) module.
  Open the Fiscal Year: If necessary and appropriate, you can open the fiscal year for posting. This is typically done by a financial administrator or someone with the necessary authorizations. However, this should be done with caution, as it can affect financial reporting.
  Use Special Transactions: If you need to make adjustments to a closed document, consider using special transactions like "Year-End Closing" or "Reversal" transactions that are designed to handle such cases.
  Consult with Finance Team: If you are unsure about the implications of changing fiscal year settings or document statuses, consult with your finance team or SAP support for guidance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB08 (Reverse Document), FBRA (Reset Cleared Items), and others that may be relevant to your operations.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  Documentation: Review SAP documentation regarding fiscal year closing procedures and document management to understand the implications of your actions.
  
  Always ensure that any changes made to fiscal year settings or document statuses are in compliance with your organization's financial policies and procedures.