How To Fix MQ743 - Balance for company &1 not carried forward into year &2

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 743

• Message text: Balance for company &1 not carried forward into year &2

What causes this issue?

In the carryforward period, the system did not carry forward values for
company &v1& to the totals database in year &V2&. Before the changeover
to the euro, you must carry forward prior year balances.

System Response

Error message

How to fix this error?

Carry forward balances from the prior year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ743 - Balance for company &1 not carried forward into year &2 ?

  The SAP error message MQ743 indicates that the balance for a specific company code (denoted as &1) has not been carried forward into the new fiscal year (denoted as &2). This typically occurs during the year-end closing process when balances from the previous fiscal year need to be transferred to the new fiscal year.
  
  Cause:
  
  Year-End Closing Not Completed: The most common cause is that the year-end closing process has not been completed for the specified company code.
  Incorrect Configuration: There may be issues with the configuration settings in the financial accounting module that prevent the balance carryforward.
  Missing Authorizations: The user may not have the necessary authorizations to perform the carryforward process.
  Open Items: There may be open items in the accounts that need to be cleared before the carryforward can occur.
  Posting Periods: The posting periods may not be correctly set up, preventing the carryforward from being executed.
  
  
  Solution:
  
  Complete Year-End Closing: Ensure that the year-end