How To Fix PSM_S4C_FM_MD236 - Fiscal year closing entries already exist in the universal journal.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 236

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

What causes this issue?

Changing the <LS>Carry Forward to 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_MD236 - Fiscal year closing entries already exist in the universal journal. ?

  The SAP error message PSM_S4C_FM_MD236 indicates that there are already fiscal year closing entries present in the Universal Journal for the specified fiscal year. This typically occurs when you attempt to post or make changes to financial documents in a fiscal year that has already been closed.
  Cause:
  
  Fiscal Year Closure: The fiscal year has been closed, and any entries or adjustments are not allowed unless the year is reopened.
  Posting Restrictions: There may be posting restrictions in place that prevent any changes to closed periods.
  Incorrect Posting Period: You might be trying to post to a period that is not open for posting.
  
  Solution:
  
  Check Fiscal Year Status: Verify if the fiscal year is indeed closed. You can do this by checking the fiscal year settings in the Financial Accounting (FI) module.
  Reopen the Fiscal Year: If necessary, you can reopen the fiscal year to allow for adjustments. This typically requires authorization and should be done with caution, as it can affect financial reporting.
  
  Navigate to the transaction code OB52 to manage the posting periods and check if the fiscal year can be reopened.
  
  
  Adjust Posting Periods: Ensure that the posting periods are correctly set up and that the period you are trying to post to is open.
  Consult with Finance Team: If you are unsure about reopening the fiscal year or making adjustments, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  Use Correct Transaction Codes: Make sure you are using the correct transaction codes for posting entries. For example, use FB50 for general ledger entries, ensuring you are within the allowed posting periods.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific updates or patches related to this error message. SAP frequently updates its knowledge base with solutions for common issues.
  Documentation: Review SAP documentation regarding fiscal year-end closing processes and best practices for managing financial periods.
  Training: Consider training sessions for users involved in financial postings to ensure they understand the implications of closing periods and how to manage them effectively.
  
  By following these steps, you should be able to resolve the error and manage your fiscal year closing entries appropriately.