How To Fix KM692 - Balance sheet accounts should be copied for the entire year if possible

KM692 - Overview

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 692

• Message text: Balance sheet accounts should be copied for the entire year if possible

What causes this issue?

Balance sheet account balances are posted as deltas in the database and
aggregated over periods for display in planning or reporting.
Consequently, you should always copy the values for the entire fiscal
year (for periods 001 to &V2& in controlling area &V3&).
If you specify period &V1& as the upper limit, only the delta values
from periods 001 to &V1& will be copied.
Note that this usually only makes sense if no delta records exist yet
for the subsequent periods. In that case, all the subsequent periods
will automatically have the same value as period &V1&!
If delta records already exist for the subsequent periods, the balance
for those periods is the balance of period &V1& plus the existing delta
value.

How to fix this error?

If desired, change the "To" value to period &V2&.

Error message extract from SAP system. Copyright SAP SE.

KM692 - Details

• The SAP error message KM692, which states "Balance sheet accounts should be copied for the entire year if possible," typically occurs during the process of copying or transferring financial data, particularly in the context of year-end closing or when performing a financial statement version setup.
  
  Cause:
  This error usually arises when the system detects that balance sheet accounts are not being copied for the entire fiscal year. This can happen due to several reasons:
  
  Incomplete Data: The balance sheet accounts may not have been set up correctly for the entire year, or there may be missing entries for certain periods.
  
  Configuration Issues: The financial statement version or the settings in the financial accounting module may not be configured to allow for the copying of balance sheet accounts across the entire year.
  Period Restrictions: There may be restrictions or settings that limit the copying of data to specific periods rather than the entire year.
  
  
  Solution:
  To resolve the