How To Fix IF120 - Balancing object &1 cannot be canceled

SAP Error Message - Details

• Message type: E = Error

• Message class: IF - Messages re interest accounting in PS/CO/IM

• Message number: 120

• Message text: Balancing object &1 cannot be canceled

What causes this issue?

Balancing object &V1& cannot be canceled.
This may be due to a cancelation after the hierarchy has changed.
Note:
If this is the case, make sure you make cancelations in the correct
sequence.

System Response

Cancelation run stopped.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message IF120 - Balancing object &1 cannot be canceled ?

  The SAP error message IF120, which states "Balancing object &1 cannot be canceled," typically occurs in the context of financial transactions, particularly when dealing with balancing objects such as cost centers, internal orders, or other financial entities that require balancing entries.
  Cause:
  The error message IF120 can arise due to several reasons:
  
  
  Incorrect Status: The balancing object (e.g., cost center, internal order) may be in a status that does not allow for cancellation. For example, it might be locked or closed for posting.
  
  
  Posting Period: The posting period for the transaction may be closed, preventing any further changes or cancellations.
  
  
  Dependencies: There may be dependencies or linked transactions that prevent the cancellation of the balancing object.
  
  
  Authorization Issues: The user may not have the necessary authorizations to perform the cancellation on the specified balancing object.
  
  
  Data Integrity: There may be data integrity issues or inconsistencies in the financial records that prevent the cancellation.
  
  
  Solution:
  To resolve the IF120 error, consider the following steps:
  
  
  Check Status: Verify the status of the balancing object. If it is closed or locked, you may need to unlock it or change its status to allow for cancellation.
  
  
  Open Posting Period: Ensure that the posting period is open for the transaction you are trying to cancel. If it is closed, you may need to reopen the period or perform the cancellation in a different period.
  
  
  Review Dependencies: Check for any linked transactions or dependencies that may be preventing the cancellation. You may need to address these first.
  
  
  Authorization Check: Ensure that you have the necessary authorizations to perform the cancellation. If not, contact your system administrator to obtain the required permissions.
  
  
  Data Consistency: Run consistency checks on the financial data to identify and resolve any integrity issues that may be causing the error.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance related to the balancing object you are working with.
  
  
  Contact Support: If the issue persists after trying the above solutions, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KSB1 (Cost Centers: Actual Line Items) or KO03 (Display Internal Order) to analyze the status and details of the balancing object.
  SAP Notes: Check for any SAP Notes related to the IF120 error message for additional insights or patches that may address the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users' experiences.
  
  By following these steps, you should be able to identify the cause of the IF120 error and implement a suitable solution.