How To Fix PSM_S4C_FM_MD235 - Fiscal year closing entries already exist in the universal journal.

PSM_S4C_FM_MD235 - Overview

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 235

• Message text: Fiscal year closing entries already exist in the universal journal.

What causes this issue?

Changing the <LS>Use Budget Account as Carryforward Account</> budgetary
setting is not allowed, since fiscal year closing entries already exist
in universal journal for this budget account.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD235 - Fiscal year closing entries already exist in the universal journal. ?

  The SAP error message PSM_S4C_FM_MD235 indicates that fiscal year closing entries already exist in the Universal Journal for the specified period. This typically occurs when you attempt to post or make changes to financial documents in a period that has already been closed, which is a common scenario in financial accounting processes.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to post to has already been closed, meaning that all necessary closing entries have been made.
  Posting Period Status: The posting period for the transaction you are trying to execute is set to "closed" in the system.
  Existing Entries: There are already entries in the Universal Journal for the fiscal year and period you are trying to access.
  
  
  Solution:
  
  
  Check Posting Period: Verify the status of the posting period in the configuration settings. You can do this by navigating to:
  
  Transaction Code: OB52
  Ensure that the posting period is open for the transactions you want to