How To Fix >U261 - Fiscal year &1 cannot be deleted for company code &2

>U261 - Overview

• Message type: E = Error

• Message class: >U -

• Message number: 261

• Message text: Fiscal year &1 cannot be deleted for company code &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message >U261 - Fiscal year &1 cannot be deleted for company code &2 ?

  The SAP error message U261 indicates that a fiscal year cannot be deleted for a specific company code. This typically occurs when there are transactions or postings that are still associated with the fiscal year you are trying to delete. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Open Periods: The fiscal year you are trying to delete may have open periods, meaning that transactions can still be posted to that year.
  Transactions: There may be financial transactions, such as journal entries, that have been posted in that fiscal year.
  Dependencies: Other modules or components (like Asset Accounting, Controlling, etc.) may have dependencies on the fiscal year.
  Configuration Settings: Certain configuration settings in the system may prevent the deletion of the fiscal year.
  
  
  Solution:
  
  
  Close Open Periods: Ensure that all periods in the fiscal year are closed. You can do this by navigating to the transaction code OB52 (Maintain Table T001B) and closing